Which is the tool that will help to increase the sale of product among
the existing customers itself?
in
Answers
Answer:
Research your market. ...
Don't disappear. ...
Address customer needs. ...
Update your offerings. ...
Upsell and cross-sell. ...
Create a loyalty program. ...
Train a service-centric team. ...
Customer Lifetime Value.
Answer:
Market skimming
Explanation:
Market skimming
Is the correct answer of this question.
A pricing strategy in which the manufacturer sets a high introduction price to attract consumers who have a strong demand for the product and the resources to purchase it, and then progressively lowers the price to attract buyers in the next and subsequent tiers of the market.
Electronic devices, such as the Apple iPhone, frequently use a price-cutting tactic during the first launch period. Then, as competitors launch competing goods, such as the Samsung Galaxy, the price of the product reduces to maintain the product's competitive edge.
Price skimming, also known as skim pricing, is a pricing technique in which a company charges a high beginning price and then progressively reduces the price in order to attract more price-sensitive clients. The costing
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