Examlex
Positive feedback mechanisms tend to enhance the original stimulus so that the response is accelerated.
Skimming Demand
A pricing strategy that involves setting high prices initially to target consumers willing to pay more, before lowering the price over time to attract a broader market.
Prestige Pricing
A pricing strategy where prices are set high to create a perception of exclusivity and high quality, often used for luxury goods.
High-quality Product
A product that surpasses ordinary standards of performance, durability, and design, and meets or exceeds customer expectations.
Penetration Pricing
Penetration pricing is a marketing strategy used to attract customers to a new product or service by offering a lower price initially.
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