A manufacturer is about to introduce into the market a new type of upright vacuum cleaner with

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A manufacturer is about to introduce into the market a new type of upright vacuum cleaner with a patented curved handle that makes housework easier on the homemaker’s back. The limited market research available has indicated that the VTC for this product ranges from $46 to $70.
If the manufacturer plans to use a sequential-skimming strategy, what would be the best initial price for the product? What would be the next price? How frequently should the price of this item be changed?
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