In a ________ pricing strategy, new services are introduced at high prices with large promotional expenditures.

A. Prestige
B. Skimming
C. Penetration
D. Visible
E. Contingency


Answer: B

Business

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Referring to Table 2.2, the opportunity cost of one VCR in South Korea is

a. 1/2 ton of steel. b. 1 ton of steel. c. 1 1/2 tons of steel. d. 2 tons of steel.

Business

Don Brady is responsible for obtaining price quotations from various vendors. After reviewing them, Don then determines whether or not to include the vendor on the approved vendor list

Don apparently plays two roles in the buying center, that of ________ and ________. A) user; buyer B) buyer; influencer C) buyer; user D) decider; buyer E) gatekeeper; influencer

Business

Most MPR plans have more than one scenario statement that provides a detailed description of activities coordinated to achieve a given objective

Indicate whether the statement is true or false

Business

A cash equivalent is:

A. An investment readily convertible to a known amount of cash. B. Another name for cash. C. Close to its maturity date but its market value may still be affected by interest rate changes. D. Is not considered highly liquid. E. Generally within 12 months of its maturity date.

Business