Which of the following terms describes a pricing strategy in which a new product's initial price is set high and then eventually lowered to appeal to a broader range of customers?

A. Market-share pricing.
B. Penetration pricing.
C. Price skimming.
D. Designed pricing.
E. Customer pricing.


Answer: C

Business

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Dissonance is a

A. conflict between opinion leaders. B. confirmation in the learning process. C. form of social influence. D. kind of belief. E. tension caused by uncertainty about the rightness of a decision.

Business

Firm B accounts payable for the month are $200,000 and its wages and salaries for the month are $100,000

What is its total outgoing cash flow for the month if its interest payments for the month are $50,000 and its beginning cash for the month is $50,000, there are no other cash outflows for the month? A) $400,000 B) $250,000 C) $300,000 D) $350,000

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A defense in suits for discrimination based on religion is that accommodation of religious beliefs would impose undue hardship on the employer

a. True b. False Indicate whether the statement is true or false

Business