For market penetration pricing to work, the product or service must be perceived as breaking new ground in some way.
Answer the following statement true (T) or false (F)
False
For price skimming, not market penetration pricing, to work, the product or service must be perceived as breaking new ground in some way, offering consumers new benefits currently unavailable in alternative products.
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Arrow's net income of $123 million and average assets of $2,000 million results in a return on assets of 6.15%.
Answer the following statement true (T) or false (F)
Since its development in ____ by Alexander Graham Bell, the telephone has become one of the most common home and business appliances.
A. 1876 B. 1896 C. 1916 D. 1936
Good Cookin' Products Company makes heat convection ovens. Heidi discovers that herGood Cookin'oven is defective and sues the maker for product liabil¬ity based on strict liability. To win, Heidi must show that she
a. bought the oven from Good Cookin'. b. did not misuse the oven. c. suffered an injury caused by the defect. d. did not know of the defect.
Small children who trespass on land may be owed a special duty of care based on the doctrine of: ______
A) caveat emptor. B) res ipsa loquitur. C) comparative negligence. D) attractive nuisance.