Ask Question
BusinessBusiness
21 April, 21:13

Price involves charging a high price for a product initially then lowering the price over time

+4
Answers (1)
  1. 21 April, 22:53
    0
    Think of product when they first introduced in market. For ex. iphone introducet at the price of 700$. Since then, the price has dropped considerably even for a new model. The same is true for DVD, LCD, digital camera and many high-tech product. when company set a high intial price for the product the aim is to target a consumer who are willing to pay high price and buy product early. This way company recoup its investment in the product faster.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Price involves charging a high price for a product initially then lowering the price over time ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
You are considering investing in a standard fixed-rate corporate bond with 25 years remaining to maturity. The bond pays annual coupons of 5% and just made its most recent coupon payment. The face value of the bond is $1000. a.
Answers (1)
Which of the following advertisements is most likely a legitimate job advertisement? a. An advertisement claiming you can work from home and make $50k guaranteed b. An advertisement that seeks candidates with specific skills and requests a résumé c.
Answers (1)
Castillo Corporation, a manufacturer, reports costs for the year as follows: Direct Materials Used $ 375 comma 000 Wages to Line Workers 620 comma 000 Office Rent 29 comma 000 Indirect Materials Used 320 comma 000 How much is the total period costs
Answers (1)
Development of modern medicine has been made possible due to the exclusive influence of the following two crucial factors: development of effective medical technology and financial institutions to support it. a. True b. False
Answers (1)
What is the process of double taxation for the stockholders in a c corporation?
Answers (1)
New Questions in Business
Identical products, as well as a large number of buyers and sellers, are characteristics of a monopolistic market. in such markets, sellers of goods cannot influence the prevailing market price, giving them the role of price in the market.
Answers (1)
What is the highest degree a person must reach to be in management
Answers (1)
Convenience products are Answers: a. frequently purchased items for which buyers are willing to exert considerable effort. b. frequently purchased items that are found in certain retail outlets. c.
Answers (1)
Could the product flow operate independently from other channel flows?
Answers (1)
Rosana believes that she will succeed in business if she works hard and carefully manages her time. Her belief most clearly illustrates
Answers (1)
Home » Business » Price involves charging a high price for a product initially then lowering the price over time
Sign Up Forgot Password?