How do highlearning and lowlearning products differ How will

How do high-learning and low-learning products differ? How will pricing strategy for high-learning products differ from low-learning products? Explain your answers in depth. (minimum 300 words)

Solution

High-learning products more customer education when compared to Low-learning products. Low-learning products require less explanation because the usage and the benefits of the product are very easily understood by the customer, resulting in immediate sales and profits. The introductory period of high-learning products is long than low-learning products. Low-learning products results in immediate sales hence the pricing strategy used is the prices of these products will differ basis the demand. High-learning products are little complicated for the customers to understand and hence to promote sales the company first offers a reasonable price and then gradually increases the prices of the products once it is marketed well in the market.