NextQ34

What is meant by skimming pricing method? State any two advantages and any two disadvantages of skimming pricing method.

Marketing Strategy and the Product MixStudy Simplify SpecialPYQ3LQ
Question 33

Riya Sharma, a mechanical engineer, invented a smart water purifier that can detect and remove specific bacteria using AI sensors. She applied for legal protection so that no one could make, use, or sell her invention without permission. Neha Kapoor, an artist, wrote and illustrated a children storybook titled Dreams of the Sky. She wanted to ensure that no one could copy, reproduce, or publish her work without authorization. Arjun Patel, an industrial designer, created an ergonomic chair design with a distinctive shape and appearance. He applied for protection so that competitors could not duplicate its visual features. Identify and name the type of intellectual property right each entrepreneur is protecting and explain the purpose of each type of IP rights.

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