When Apple first introduced its iPhone in the U.S. market, it priced it at $600. Several months later, Apple reduced the price to $400. And several months after that, it reduced the price again to $200. What pricing policy was Apple using in its initial price strategy?
A. everyday low price
B. skimming price
C. cash discount price
D. penetration price
E. introductory price
Answer: B
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a. True b. False Indicate whether the statement is true or false