What Is the Definition of the Following Term

question 108

Short Answer

What is the definition of the following term:
-thetan:

---

Definitions:

Customer Needs

The recognized desires or requirements of consumers that prompt them to purchase a product or service to solve a problem or fulfill a desire.

Skimming Pricing

A marketing strategy involving setting high prices for a new product during its initial phase to maximize profitability from customers willing to pay more.

Penetration Pricing

A marketing strategy used by companies to attract customers to a new product or service by offering a lower price initially.

Prestige Pricing

A pricing strategy where prices are set higher than normal because the product or service is perceived to have a higher value or status symbol.