Answer:
product life cycle, competition, and perceptions of quality are all determinants of pricing in the Ski Butternut business to bring other businesses to the mountain in order to maximize profit.
Step-by-step explanation:
The product life cycle is the prices of a product or service from its birth to death. The prices are influenced by the demand and supply of the product at each season of its life.
Pricing is influenced by competition between companies offering similar products or services. The Ski Butternut is able to attract more customers and businesses than their competitors, still maintaining the profit margin. The price of the Ski Butternut is increased or high to depict its quality to high-end customers.