What pricing strategy would recommend to market product

Assignment Help Microeconomics

Reference no: EM131789946

Question: Your company has just made the scientific breakthrough of the century. It has invented a tattoo cream that permanently removes unwanted tattoos. Twelve applications of the skin cream solution results in smooth, tattoo-free skin without the need for costly plastic surgery. There are other products that claim that they eliminate tattoos, but they only conceal rather than remove tattoos. Assume that you are the product manager for Tattoo Skin Solutions; What pricing strategy would you recommend to market your product?

A. Skimming Pricing

B. Cost-Plus Pricing

C. Penetration Pricing

D. Volume Pricing

Reference no: EM131789946

Questions Cloud

Prepare a schedule correcting net incomes : Prepare a schedule correcting net incomes, You have been assigned to examine the financial statements for the year ended December

Discuss ensuring that all future construction projects : Ensuring that all future construction projects are LEED certified

What effect did removing the outliers have on the mean : The percentage of malnutrition prevailing in children is given for urban and rural areas. The data are at this text's website.

Compute the direct material price variance : Standard costs: Material: 2 pounds at $6 per pound = $12 per unit. compute the Direct material price variance and Direct labor rate variance

What pricing strategy would recommend to market product : Your company has just made the scientific breakthrough of the century. It has invented a tattoo cream that permanently removes unwanted tattoos.

Research the cultural differences in a country : Using the internet, research the cultural differences in a country (other than the U.S.) that interests you,

Determine the critical path in the project network : Compute the expected duration and variance of each activity. Determine the critical path in the project network.

Compute the amount of the lease receivable : Wadkins Company, a machinery dealer, leased a machine to Romero Corporation on January 1, 2011. Compute the amount of the lease receivable

Properties of the supply-induced demand model : Compared with the supply-induced demand (SID) model, the McGuire's quality-setting model about physician behavior is less likely.

User Account

All Pages