The first one is to set the initial price high followed by a lower price at a later stage, in order to build up a high-quality image. The company can make high profits from customers
Question :Is the meaning of the section above the same as the part below?↓
For example, when a product is first released, and the initial price is high, Some people may think:‘’I guess the product is expensive because of it's good quality." However, if many people come to think so, and the price of the product suddenly drops, a lot of consumers may think that "it's a rare opportunity to buy this product cheaply" and buy it impulsively.so the company can make high profits from them.