3 ms·
It depends on the price elasticity of the product and that's a known unknown. So every product starts as high as possible to discover the price. Because there
by rsecora 6y ago
It depends on the price elasticity of the product and that's a known unknown.
So every product starts as high as possible to discover the price. Because there will be time to lower it.
(Increasing the price afterwards never works, because early adopters are more elastic)