A market-penetration pricing policy should LEAST likely be used for a new product when ________
A) the market is highly price sensitive
B) production and distribution costs fall as sales volume increases
C) the product's quality and image support a high price
D) a high price helps keep out the competition
E) there are few or no competitors in the market
C
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Which of the following options is not one of the ten ways that culture can influence negotiations?
A. relative bargaining power B. negotiation opportunity C. the nature of agreements D. the definition of negotiation
A(n) ________ variable is the amount by which a goal level is underachieved
Fill in the blank with correct word.
World Imports/Exports, Inc., is pricing a product sold in a foreign market below the cost of producing it. It sells the same product at a higher price in its domestic market. The company is engaging in
A. skimming. B. conscious parallel action. C. fair trade. D. dumping. E. price dealing.
With automobile insurance damage claims, Insurance companies will use the concept of "contributory negligence" to determine how much to pay in damages. What does this concept mean?
What will be an ideal response?