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Why would a catfish farmer lose all her customers if she raised her price?
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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 a demand for a product?
A demand for a product is when a customer expresses a desire or willingness to purchase a product. It is the amount of a product that customers are willing to buy at a specific price. Generally the demand for a product is determined by the price of the product the customers income the availability of a substitute and the customers preferences. When the price rises demand falls and when the price decreases demand increases.Factors that affect the demand for a product include: Price of the product Customers income Availability of a substitute Customers preferencesIf the price of the product rises then the demand for the product falls and vice versa. This is due to the fact that customers are willing to pay a certain price for a product and when the price increases customers will be less likely to purchase the product.
What has happened to oil prices over the last 5 years?
it has raised in price because it has become harder to get. it has raised in price because it has become harder to get.
What happens to quantity demanded when price is raised?
it falls
What federally regulated crop price was intended to stabilize farmer's incomes?
Parity
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 has the author E R Farmer written?
E. R. Farmer has written: 'Accounting for inflationand price level changes' -- subject(s): Accounting and price fluctuations
What is a demand for a product?
A demand for a product is when a customer expresses a desire or willingness to purchase a product. It is the amount of a product that customers are willing to buy at a specific price. Generally the demand for a product is determined by the price of the product the customers income the availability of a substitute and the customers preferences. When the price rises demand falls and when the price decreases demand increases.Factors that affect the demand for a product include: Price of the product Customers income Availability of a substitute Customers preferencesIf the price of the product rises then the demand for the product falls and vice versa. This is due to the fact that customers are willing to pay a certain price for a product and when the price increases customers will be less likely to purchase the product.
If the price of a shirt was 4 dollars then raised to 5 dollars what was the raised percentage?
25%
What has happened to oil prices over the last 5 years?
it has raised in price because it has become harder to get. it has raised in price because it has become harder to get.
Where can I find a freightliner for sale at a good price?
Many companies rent out a freightliner to their customers. There goals are to meet the customers needs. I am pretty sure you can negotiate with the price.
What happens to quantity demanded when price is raised?
it falls
How does the farmer price his crop in a contract?
The farmer agrees to a price at the time of the contract. This arrangement can benefit either the grower or the harvester/buyer, depending upon supply and demand of the particular type of crop at harvest time.
Difference between skimming pricing and penetration pricing?
skimming pricing is for new or innovative product, the price at the begining is high and customers are not price sensitive. penetration pricing set a low price at the begining to gain a mass market, and the price will rise later. The customers are price sensitive.
What federally regulated crop price was intended to stabilize farmer's incomes?
Parity
Why does loyal customer not a price sensitive?
Because by being loyal to the brand that means that the customer (often also consumer) trusts it. Even if a price is raised most customers feel safe with a specific brand (depending on the product of course) and are reluctant to switch to alternatives (every customer has one) due to satisfaction of the current one (he will not be loyal if he isn't satisfied). But that does not mean that all loyal customers are not price sensitive. Some maybe loyal, but if the gap of the product price and their own identification of the product price is too wide then they will switch to their alternatives. Customer loyalty is a very fickle thing and no customer is loyal forever.
Customers are showing greater price sensitivity in their search for?
value
