?Lang Industries is introducing a new product and will use price skimming to set the price. Price skimming is
A. ?the strategy of charging the highest possible price for a product during the introduction stage of its life-cycle.
B. ?a way for the seller to secretly pocket extra money charged for a product but not recorded on the company books.
C. ?raising prices above a fair price.
D. ?a means of increasing competition in order to raise prices even higher.
Answer: A
You might also like to view...
Interest on a promissory note is recognized when the note is issued
Indicate whether the statement is true or false
Describe the marketing mix in detail
What will be an ideal response?
Which of the following methods of applying the lower-of-cost-or-market rule will result in the fewest number of inventory write-downs?
A. Average of cost of goods sold for the past three years B. Each individual inventory item C. Major classes or categories of inventory D. The entire stock of inventory in the aggregate
The project team toiled long into the night to develop consequence of failure scores and probability of failure scores as indicated below. What is the overall risk factor for the project?
Maturity 0.7 Cost 0.4 Complexity 0.6 Schedule 0. 6 Dependency 0.8 Reliability 0.8 Performance 0.9 A) Less than or equal to 0.7 B) Greater than 0.7 but less than or equal to 0.8 C) Greater than 0.8 but less than or equal to 0.9 D) Greater than 0.9