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The practice of setting a high initial price for a new product and then gradually lowering the price over time is known as?
Wiki User
∙ 13y ago
Price skimming.
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Market adjustment.
Wiki User
∙ 13y ago
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Do multinational corporations help or hurt?
Both, it helps by lowering the cost of money we spent on the product, but it gives people in other countries the jobs that we need.
How is it in a nation's interest to export more than it imports?
Because by making a product and exporting it you are employing people in your own country and lowering unemployment, also helping the value of your currency I think.
What is the difference between absorption manufacturing cost and total cost with respect to product pricing?
The absorption cost is the portion that has to come out of the profits. You can usually pass on the cost of materials and labor, by adding them into the price of the product, but there is a limit to how much you can charge for the product. Above that limit, you might have to pay taxes, or transportation costs that cannot be added to the price of the product, and therefore, must be absorbed, lowering the profit.
What services are provided by CH2M HILL?
CH2M HILL is a construction company. They specialize in anything from the initial design, to the finished product and every thing in between, including remodels.
Is product placement better for primary or secondary demand?
Primary would be the best answer due to the initial market being your main intended purchasing group. Product placement in the secondary market however would never be a bad idea so long it was within the company's means and budget.
What is the mechanism by which a product has a finite initial functional lifetime?
Product Activation
What is reactant and what is a product?
Reactants are the initial compounds, products are the final compounds.
What is a product and a reactant?
Reactants are the initial compounds, products are the final compounds.
What is the marketing practice in which the brand or image from one product is used to sell another?
Merchandising refers to the marketing practice in which a product or a service brand or image is used to market or sell another product or service. Merchandising is also an income generating practice especially for intellectual property product owners.
What is the formula for calculating final velocity when you know the initial speed and the acceleration?
the formula for finding acceleration is final velocity, minus initial velocity, all over time. So if you have the acceleration and initial speed, which is equal to the initial velocity, you must also have time in order to find the final velocity. Once you have the time, you multiply it by the acceleration. That product gives you the difference of the final velocity and initial velocity, so then you just add the initial velocity to the product to find the final velocity.
Why do initial designs are made for a product?
Because there would be no other way from a hauigoius meanel
WHAT ARE THE COST OF MARKET ORIENTATION?
setting marketing focus structure initial product development
What is a reactant and product in chemical reaction?
Reactants are the initial compounds, products are the final compounds.
When substances change into new substances what is it called?
This substance is called "reactant" or "initial product".
During what stage of the product life cycle is the advertising budget typically the highest?
Advertising budgets are typically highest for a particular product during the introduction stage and gradually decline as the product matures.
Why do technology-based products often depreciate rapidly?
Technology products usually depreciate rapidly because of the amortization plans decided for the investments made. When a company wants to develop and market a new product, it has to prepare a business plan which must include all of the costs for the research, development, marketing and support of the product. Then the company has to decide in how much time it wants to re-enter of the costs and start making revenue. When all the initial investments have been covered, the company can lower the margins initially applied to the product, thus lowering the product final price.
How is product sourcing used in general business practice?
In general business practice, product sourcing is the process of finding merchandise that one is planning to sell within their business. Product sourcing has been proven to raise profits within many businesses.
