If the toy products are initially sold at an extremely low price that just covers the costs in order to get competitors' market share, then this pricing strategy would be known as _____.
A. penetration pricing
B. price signaling
C. price skimming
D. partitioned pricing
A. penetration pricing
You might also like to view...
Suppose an economy is producing an output above its full-employment level. To return the economy to long-run equilibrium, a(n) ____ monetary policy can be used, which would cause the price level to ____.
A. expansionary; increase B. expansionary; decline C. contractionary; decline D. contractionary; increase
It is common for companies to aim for ______.
a. a process capability index value of 1.33 or greater b. a process capability index value of 1.32 or lower c. a control chart index of 1.33 or greater d. a control chart index of 1.32 or lower
Williams Inc. has a current ratio equal to 3, a quick ratio equal to 1.8, and total current assets of $6
million. Williams' inventory balance is A) $2,400,000. B) $4,000,000. C) $4,800,000. D) $2,000,000.
Breakeven analysis is used by a firm ________
A) to determine the level of operations necessary to cover all fixed operating costs B) to determine the least cost of producing goods and services C) to evaluate the profitability associated with various levels of sales D) to determine the demand of a product