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high-price product

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  • Price discrimination — or price differentiation[1] exists when sales of identical goods or services are transacted at different prices from the same provider.[2] In a theoretical market with perfect information, perfect substitutes, and no transaction costs or… …   Wikipedia

  • Price skimming — is a pricing strategy in which a marketer sets a relatively high price for a product or service at first, then lowers the price over time. It is a temporal version of price discrimination/yield management. It allows the firm to recover its sunk… …   Wikipedia

  • product — prod‧uct [ˈprɒdʌkt ǁ ˈprɑː ] noun 1. [countable] COMMERCE something useful and intended to be sold that comes from nature or is made in a factory: • Distributors for Amway sell numerous products, including cleaning and personal care products …   Financial and business terms

  • price — A fixed value of something. Prices are usually expressed in monetary terms. In a free market, prices are set as a result of the interaction of supply and demand in a market; when demand for a product increases and supply remains constant, the… …   Financial and business terms

  • price system — ▪ economics Introduction       a means of organizing economic activity. It does this primarily by coordinating the decisions of consumers, producers, and owners of productive resources. Millions of economic agents who have no direct communication …   Universalium

  • price — price1 [ praıs ] noun *** 1. ) count the amount of money that you have to pay in order to buy something: They charge the same prices in all their restaurants. The cameras range in price from $150 to over $600. The price per person goes down for… …   Usage of the words and phrases in modern English

  • price — I UK [praɪs] / US noun Word forms price : singular price plural prices *** 1) [countable] the amount of money that you have to pay in order to buy something They charge the same prices in all their restaurants. The cameras range in price from… …   English dictionary

  • Price Skimming — A product pricing strategy by which a firm charges the highest initial price that customers will pay. As the demand of the first customers is satisfied, the firm lowers the price to attract another, more price sensitive segment. Therefore, the… …   Investment dictionary

  • Price Sensitivity — The degree to which the price of a product affects consumers purchasing behaviors. The degree of price sensitivity varies from product to product and from consumer to consumer. In economics, price sensitivity is commonly measured using the price… …   Investment dictionary

  • Product sabotage — In marketing and retail, product sabotage is a practice used to encourage the customer to purchase a more profitable product or service as opposed to cheaper alternatives. It is also the practice where a company attempts to aim different prices… …   Wikipedia

  • price support — Government intervention to set an artificially high price through the use of a price floor designed to aid producers. Bloomberg Financial Dictionary * * * price support price support ➔ support2 * * * price support UK US noun [U] ► ECONOMICS,… …   Financial and business terms

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