Question

define market price method it's advantages or disadvantage ​

Answer 1

Answer:

Price Skimming Advantages

• Higher Return on Investment.

• It Helps Create and Maintain Your Brand Image.

• It Segments the Market.

• Early Adopters Help Test New Products.

• It Only Works if Your Demand Curve is Inelastic.

• It's Not a Great Strategy in a Crowded Market.

• Skimming Attracts Competitors.

• It Can Infuriate Your Early Adopters.

four advantages of using prices as an allocating mechanism. Prices are neutral, favoring neither producer nor consumer, and flexible, allowing the market economy to accommodate change. Price have no administrative costs and are efficient because they are understood by all.

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