Market skimming pricing makes sense under all the following conditions, EXCEPT if ________
A) a sufficient number of buyers have a high current demand
B) the unit costs of producing a small volume are high enough to cancel the advantage of charging what the traffic will bear
C) the high initial price does not attract more competitors to the market
D) consumers are likely to delay buying the product until its price drops
E) the high price communicates the image of a superior product
D
You might also like to view...
What is NOT a recommended incentive when trying to gain employees' wholehearted commitment to good strategy execution and operating excellence?
A. creating a work atmosphere in which there is genuine caring and mutual respect among workers and between management and employees. B. providing attractive perks and fringe benefits. C. withholding information from employees about financial performance, strategy, and competitors' actions. D. relying on opportunities for promoting from within wherever possible. E. giving awards and public recognition to high performers and showcasing company successes.
Describe the implications of the rapid advancements in information and communications technology.
What will be an ideal response?
To compute the minimum sample size for an interval estimate of?, we must first determine all of the following except
A. desired margin of error. B. confidence level. C. population standard deviation. D. degrees of freedom.
Which of the following BEST describes responsibility?
A) The power to make the decisions necessary to complete a task B) The liability of subordinates for accomplishing tasks assigned by managers C) The number of people supervised by one manager D) The duty to perform an assigned task E) The need to prove satisfactory work performance