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-The concept works well when there is a great deal of unmet or excess demand for a product i.e. where demand is higher than product supply. This situation is commonly referred to in marketing as the "seller's market" - a market condition characterized by high prices and a supply of commodities falling short of demand.
- When the cost of the product is so high that it needs to be manufactured cheaper in order to get consumers to adopt it.
Lellah answered the question on November 3, 2021 at 08:10