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Because people will pay that much. They don't have to sell at a high price; they just can and do.
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∙ 15y ago
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What is a skimming strategy?
Price skimming is setting a high price for an item and then lowering the price over time. This is used on products that are in short supply with high demand.
Major strategies used for pricing imitative and new products?
major strategies used for pricing imitative and new products depends on two factors i.e. price and quantity The strategies are: Premium Strategy= when price charged is high and Quantity supplied is also high Good Value Strategy= when price is low and quantity is high Overcharging strategy= when price is high and quantity is low eg: Maruti Versa Economy strategy= When both price and quantity are low major strategies used for pricing imitative and new products depends on two factors i.e. price and quantity The strategies are: Premium Strategy= when price charged is high and Quantity supplied is also high Good Value Strategy= when price is low and quantity is high Overcharging strategy= when price is high and quantity is low eg: Maruti Versa Economy strategy= When both price and quantity are low
What does Creaming the market mean?
Creaming the market is when a firm or business may charge a very high price for a certain product. The firm will continue to charge a very high price until rival products appear.
Why is brand Brand equity so important to a company?
Brand equity is important to companies because the products associated with the brand command a premium price in the market and are perceived to be higher quality when compared to the similar generic unbranded products. Brand equity also offers competitive advantages by reducing the marketing costs (because of high brand awareness and loyalty) to firms that enjoy high brand equity and thus enhances their earnings. Paul Gondas.
What is component commonality of multiple products or services offered to customers by companies?
Companies often have multiple products to offer customers.Often,these products have a high degree of similarity of feautures and components. Advantages of Component Commonality: 1-Saves design time 2-Saves training cost 3-Ability to buy in bulk from supplier 4-Commonality of repair parts 5-Reduction in inventory dealers
Tennis foot rubber high top spy?
sneaker
Are most things made in china and why?
Yes. The Chinese people are very poor and will work for almost nothing. Companies based in the US and Europe take advantage of this and have their products made in China. The companies then distribute their products in the US and Europe for a high price and make a massive profit.
What is a price skimming strategy?
Price skimming is setting a high price for an item and then lowering the price over time. This is used on products that are in short supply with high demand.
What is a skimming strategy?
Price skimming is setting a high price for an item and then lowering the price over time. This is used on products that are in short supply with high demand.
What products does Chenbro make?
Chenbro makes gaming hardware and equipment. It also makes stuff for gamers to use at a low price and high quality, it is one of the top computer companies in Europe.
Is gosunled good?
I worked with them. their products are good, but price is little high.
Why agriculture products prices are high?
for profit maximization,because cost of production of products is costly therefore price is high to cover the cost of production
What does high top rubber spy tennis foot have in common?
sneaker
What links spy rubber foot tennis and high top?
sneaker
What companies sell window awnings?
There are lot of companies that offer high quality awnings for discounted price. Visit solashade.com.au
Why do producers sells more products when the price is high?
To earn more profit
Why do producers sell more products when the price high?
To earn more profit
