Gillette invented the safety razor. When they decided to sell the safety razor at a low price then charge higher prices for replacement blades, they created a new business model called:.

razor-razorblade model

Explanation:

Condeong the scenario described in the question above, the right answer is "Razor-Razorblade Model"

The Razor-Razorblade model is sometimes referred to as the razor and blades business model. It is a form of pricing technique employed by producers whereby a dependent commodity is sold at a loss to the producer while the paired consumable good is sold for higher profits.

The purpose of using this pricing technique is to draw the customers closer with a dependent good which is cheaper. Then, making the expected profit from the commentary goods that essential to the dependent good.

it took two men to wrestle rome back from chaos and turn a republic into an empire. in the first century bc, rome was a republic. power lay in the hands of the senate, elected by roman citizens. but the senators were fighting for power between themselves.

in 1803 the louisiana purchase took place, doubling the size of the country. by 1840 almost 7 million americans had migrated westward in hopes of securing land and being prosperous. the belief that settlers were destined to expand to the west is often referred to as manifest destiny.

explanation: