Each year digital camera prices decrease to encourage sales.As they work to obtain as much market share as possible,manufacturers focus on which of the following?

Question

Quizplus · Accepted Answer

Manufacturers focus on volume goals as they try to obtain as much market share as possible by lowering prices. Skimming is a strategy of setting high initial prices for a new product or service, which is not applicable in this scenario. Prestige strategy involves setting high prices to create a perception of exclusivity, which is again not applicable here. Meeting the competition strategy involves matching or undercutting the competitors' prices, which is a defensive strategy rather than an aggressive one employed by manufacturers to gain market share.

Each Year Digital Camera Prices Decrease to Encourage Sales