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:

Biomedicine Technologies

Refers to tools, devices, and procedures developed within the field of biomedicine for diagnosing, treating, and preventing diseases.

Contemporary Capitalism

Refers to the current phase of capitalism characterized by global trade, advanced information technology, and a dominant service sector.

Affect Theory

A theoretical approach that focuses on bodily responses and emotional experiences as central to understanding human behavior and social dynamics.

Poststructural

A theoretical perspective that critiques and seeks to move beyond the structures established by traditional structuralism, emphasizing the instability of meaning and the role of power in the construction of knowledge.