Question

Denonstrat How the product lifecycle competition Internet and Extranet and perception of quality can affect price

Answer 1

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Explanation:

One of the central questions in economics is the effect of competition on prices. Many studies have been devoted to this very topic in the hopes of explaining the impact on consumer goods. When discussing economics, competition is the rivalry among the producers to achieve increasing profits, higher sales numbers, etc. In other words, companies wish to sell as 

Answer 2

Answer:

••The price of product usually changes as it moves through the life cycle and as demand for the product and competitive conditions change.

••Management usually sets high price when they first introduce it which tends to attract competition.

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