MARKET SKIMMING PRICING: It 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. The purpose of such strategy is to make higher profits within the short run period in order to recover the costs incurred in product researching‚ manufacturing‚ marketing etc. because such costs associated with the product are high. However this strategy carries with it the risk of acceptance of the product in the market as other
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emergence of competition is discouraged. Two basic strategies that may be used in pricing a new product are skimming pricing and penetration pricing. Skimming Pricing Skimming pricing is the strategy of establishing a high initial price for a product with a view to “skimming the cream off the market” at the upper end of the demand curve. It is accompanied by heavy expenditure on promotion. A skimming strategy may be recommended when the nature of demand is uncertain‚ when a company has expended large
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Tavares Nº11 10ºB The Origin of the skimboard Skimboard‚ also known as skimming‚ is the sport of running and jumping on a specially made board and skimming over the surface of the water‚ usually at the beach. Skimboard began in the early 1920s‚ in southern California when lifeguards wanted an easy way to get across the beaches of Laguna. Types of skimming There are two styles of skimming: Sandskimming- done by skimming parallel to the beach across a thin layer of water‚ usually on a sandbar
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SKIMMING AND SCANNING Readers use different strategies based on why they are reading. To be an efficient reader‚ students need to know when to use other reading method‚ such as scanning and skimming. * SCANNING involves moving your eyes quickly across a line or down a page to locate particular information or searching for what is needed. Guidelines for scanning a book or a magazine * Understand the organization of the material. * Stay focused on what you are looking for. * Use
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READING III Week 3 SKIMMING‚ SCANNING & READING FOR DETAILS As a student‚ you are assigned a lot of reading. Sometimes it is important to read slowly and carefully. Other times‚ you are just trying to find specific information. Skimming and scanning are skills that help you both of these types of reading. SKIMMING – Getting the gist Skimming is a fast reading to get the general idea of the text. Different techniques for skimming include: a. Running your eyes over the text to get the
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Skimming and Scanning Scanning means knowing what information you need to find before you read. You have something in your mind‚ your eyes‚ then‚ move quickly to find that particular information. You scan when you are looking for a fact or a detail or a particular vocabulary word. When you are scanning‚ you don’t have to read every word to answer the questions and don’t have understand every word Skimming means reading quickly for general meaning. You skim reading material to find out about
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------------------------------------------------- ATM Skimming An Ethical Look April 16‚ 2013 In the world we live in today our currency is promises. Our money is just paper backed by the promise of the United States government to back it up with hard currency‚ i.e. gold. Due to our lack of hard currency in everyday life there are many different ways to pay for things. These include: checks‚ credit cards‚ paper currency‚ and bank cards. One thing that has not changed about money is that‚
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Why McDonald’s? McDonald’s has always been a franchising company and has relied on its Owner/Operators to play a major role in the System’s success. McDonald’s remains committed to franchising as a predominant way of doing business. Listen as four McDonald’s Owner/Operators share their perspective in these areas: Training‚ McFamily‚ Customer Satisfaction‚ Social Responsibility and Support.World Class TrainingMcDonald’s continues to be recognized as a premier franchising company around the world
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The Intensive strategies consist of three types of strategies market penetration‚ market development and product development. Intensive strategies purpose is to make intensive efforts to improve a firm s’ competitive position with existing products. Market penetration strategy seeks to increase market share of existing products or services in existing market. In market development‚ marketers introduce existing products into new geographic areas. Product development is a strategy in which companies
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maturity‚ and decline. . 4 Stages of Product Life Cycle I.Introduction phase (Development Stage is Stage #0) 2 strategies are usually practiced: a. skimming pricing – strategy to cover the costs of development quickly; (3M: “We hit fast‚ price high‚ and get the heck out when “me-too” products pour in”) b. penetration strategy – low prices to discourage competitive entry. II.Growth Stage (Characterized by appearance of repeat purchases). (If a product fails to achieve substantial repeat
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