Pricing over penetration pricing or price skimming


Please assist me to answer the given questions:

Question 1: Why would Whirlpool allow its dealers to set the retail price for its appliances?

Question 2: What factors would dealers utilize to set the retail price for appliances?

Question 3: Why might Whirlpool implement competitive pricing over penetration pricing or price skimming?

Question 4: Discuss how competition has affected pricing in the appliance market.

Question 5: How has this competition benefited consumers?

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Finance Basics: Pricing over penetration pricing or price skimming
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