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Business Economics
?
Which one of the following is not a reason for adopting skimming price strategy
When the demand of new product is relatively inelastic.
When there is no close substitutes
Elasticity of demand is not known
Product has high price elasticity in the initial stage
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (D)
Product has high price elasticity in the initial stage
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