Answer:
<h2>In this case,Huojin is basically using Life Cycle pricing strategy.</h2>
Explanation:
- In Economics, life cycle pricing strategy basically refers to the determination of any product or service price based on the position of the concerned product or service within its life cycle.
- In this instance,Huojin decides to charge higher price for its new product as the production or manufacturing is relatively high during the initial stages of the product.
- Later on during the product life cycle,the manufacturing or the making cost of the new product gradually decreases thereby,allowing Huojin to reduce the price of the product during the subsequent stages of the its life cycle.Such type pricing strategy is known as Life Cycle pricing strategy.
Answer:
both raising taxes and reducing government spending, reduce the amount of money in the economy and reduce inflationary pressure on prices
Explanation:
Inflation is a situation where prices of goods and services become high. It can be caused by increased sand where consumers are willing to spend more on goods, or by an increase in production cost forcing suppliers to increase price.
The government can take various measures to control price increase during an inflation.
If money supply is reduced by less government spending and increased tax, there will be less tendency for price to increase.
Consumers will not be able to buy at the high price so suppliers are forced to reduce their prices
Explanation:
Consuming vegetables is a good source of food and really required for our body to grow, develop and fight against diseases.