When the Mosquito Magent was introduced,it was designed to rid the immediate area of mosquitoes and other annoying insects.The technology for the Mosquito Magnet had taken years to develop.It is a patented grill-like apparatus that emits carbon dioxide to attract bugs to a fan which draws them into the device where they die.What type of pricing policy would you recommend the company have used to introduce this product to the market?
A) status quo pricing
B) penetration pricing
C) price skimming
D) flexible pricing
E) leader pricing

Question

Quizplus · Accepted Answer

Price skimming would be recommended as it allows the company to maximize profits from early adopters who are willing to pay a higher price for a new and innovative product like the Mosquito Magnet.

When the Mosquito Magent Was Introduced,it Was Designed to Rid