Which Pricing Method (Skimming,penetration,or Status Quo)would Be Most Appropriate for Each

question 138

Essay

Which pricing method (skimming,penetration,or status quo)would be most appropriate for each of the following products: (1)a new kind of automatic vacuum cleaner; (2)brightly coloured wooden blocks to be used as a child's toy; (3)a new,low-cost,no-calorie fat substitute; (4)a home computer;and (5)a designer perfume? Briefly justify your answers.

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Definitions:

Appreciative Inquiry

A collaborative and strengths-based approach to organizational change, which focuses on exploring and amplifying what an organization does well.

Problem-solving Mentality

A mindset that focuses on finding solutions to problems and overcoming obstacles rather than dwelling on difficulties.

Action Research Model

A participatory, democratic process that seeks transformative change through the simultaneous process of taking action and doing research, which are linked together by critical reflection.

Problem-solving Mentality

An approach or mindset focused on identifying solutions to problems or overcoming obstacles effectively.