When implementing the razor-razor-blade strategy, companies make their profit from complementary goods.
A good that complements another by adding value to it is called a complementary good. They are therefore two products that the consumer utilizes in tandem. Take cereal and milk or a DVD and a DVD player as examples.
When a complementary good is absolutely necessary, as, with gasoline and an automobile, that situation arises. A supplementary good, however, might enhance the value of the first product. Take pancakes and maple syrup as one example.
What Is An Example Of Complementary Goods?
The following are some instances of complementary goods:
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