Choose the BEST answer A cell phone company introduced its brand-new 5G phone in
ID: 2562878 • Letter: C
Question
Choose the BEST answer A cell phone company introduced its brand-new 5G phone into the market The phone featured global network capability, the fastest processor on the market, and the clearest connection quality. The phone also came with the rollout and charged top dollar for its first customer. Because of its phone? preloaded customized apps The company chose to use skim pricing at pricing choice, what could be predicted about the customer demand for the O demand remains steady O demand decreases O demand NextExplanation / Answer
Skimming Pricing: This is a product pricing strategy is used by the company at initial stage of any product. and in this cash the firm will charges the highest initial price that customers will pay. As the demand of the first customers is satisfied, the firms lower the price of the product. After the price of the product go to lower demand go to increase and price of the product will fall.
As per the above answer is as below,
Answer =Option C = Demand Increase.