The strategy of charging the highest possible price for a product during the introduction stage of its life-cycle is known as
A. penetration pricing.
B. price skimming.
C. prestige pricing.
D. sample pricing.
E. odd pricing.
Answer: B
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The adjusting entry at the end of an accounting period to record the unpaid salaries of employees for work provided is:
A. Debit Cash and credit Salaries Expense. B. Debit Salaries Payable and credit Salaries Expense. C. Debit Salaries Expense and credit Salaries Payable. D. Debit Salaries Expense and credit Cash. E. Debit Unpaid Salaries and credit Salaries Payable.
Which of the following is the largest data set size?
A. Yottabyte B. Terabyte C. Zettabyte D. Petabyte
Glasgow Enterprises started the period with 80 units in beginning inventory that cost $2.70 each. During the period, the company purchased inventory items as follows:PurchaseNo. of ItemsCost1250?$3.20?2110?$3.30?360?$3.70?Glasgow sold 270 units after purchase 3 for $10.20 each.What is Glasgow's ending inventory under weighted-average (rounded)?
A. $736 B. $864 C. $543 D. $743
An incomplete instrument is not negotiable. However, when it is completed, it may become negotiable
a. True b. False Indicate whether the statement is true or false