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Orion Wisoky

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What is market skimming prices?

Price skimming is a strategy by which the initial price set is the highest initial price any customers will pay. As those customers pay those prices, the price lowers to bring in more customers.


What is the GEAR Strategy?

A GEAR strategy is a South African Macroeconomic strategy that was implemented in 1996 after the misimplementation of the initial economic strategy RDP. GEAR stands for Growth Employment and Redistribution. The key pillars of GEAR when it was introduced was to reduce the fiscal deficit which was 9% in the fiscal year of 1993/4. However it has four more objectives that are embedded on this strategy namely: economic growth, full employment, price stability and balance payment stability.


What is initial cost?

An initial investment is the amount of money a company, business, franchise, partnership, or sole proprietorship starts out with to expand their company or business in the beginning.


What is the meaning of bait and hook in economics?

In economics, "bait and hook" refers to a pricing strategy where a company offers a product at a low initial cost (the bait) to attract customers, but then charges high prices for complementary goods or services (the hook). This approach is often used in industries like printers and razors, where the main product is inexpensive, but the ongoing costs for consumables, such as ink or blades, can be substantial. The strategy aims to create customer dependency on the complementary products, ensuring continuous revenue for the company.


Do you agree that high prices traditionally cause expansion in an industry eventually bringing an end to high prices and manufacturers' prosperity?

Yes, high prices can stimulate expansion in an industry as they attract new entrants and encourage existing producers to increase output. This increased competition typically leads to greater supply, which helps to stabilize or reduce prices over time. Ultimately, as the market becomes saturated and competition increases, the initial prosperity enjoyed by manufacturers may diminish, leading to a more balanced pricing environment.

Related Questions

What is the difference in strategy in developing an initial layout for a new facility as compared to the strategy in improving the layout of an existing facility?

compare differences in design strategies for developing an initial layout design for a new and for developing a revised layout design?


What are the initial strategy of Disney?

initial strategy was to attract kids by different cartoons and stories to generate break even.


The key initial element in developing proforma statements is?

The key initial element in developing proforma statements is sales forecast.


Compare differences in design strategies for developing an initial layout design for a new facility and for developing a revised layout design?

do u know the answer


Who was the first cities to invaded by the Persians?

The initial Persian expansion was against the cities of Mesopotamia.


What created the initial singularity?

The initial singularity, which is believed to be the starting point of the universe, was created by a rapid expansion of energy and matter. This event is known as the Big Bang.


Does coefficient of linear expansion depend on length?

No, the coefficient of linear expansion does not depend on the initial length of the material. It is a material property that remains constant regardless of the length.


The initial control of the international space station was launched by which country?

Russian


What are some recommended Catan board layouts for optimal gameplay strategy?

Some recommended Catan board layouts for optimal gameplay strategy include creating a balanced distribution of resources, ensuring that players have access to a variety of different types of resources, and placing settlements and cities strategically to maximize resource production. Additionally, it is important to consider the potential for expansion and development when placing initial settlements and roads.


The initial control module of the International Space Station was launched by which country?

Russian


What is the initial control module of the International Space Station was launched by which country?

Russia


What was the initial strategy for winning the war against Japan?

Keep them from advancing, until we had the warships to begin pushing them back.