Which Kind of Pricing Strategy Would You Expect Producers to Use

question 87

Multiple Choice

Which kind of pricing strategy would you expect producers to use for pricing homogeneous products such as wool, tomatoes, wheat, coal, and bone meal?

• A) Penetration pricing
• B) Going-rate pricing
• C) Skimming pricing
• D) Sealed-bid pricing

---

Definitions:

Facsimile Machine

A piece of office equipment used to send a facsimile, or fax, over telephone lines from one modem to another; more commonly called a fax machine.

Electronic Impulses

Electrical signals that are transmitted for communication between various components of an electronic or biological system.

Adding Machine

A mechanical or electronic device used for calculating sums, primarily used for accounting or bookkeeping purposes.

Photocopier

A machine used to make copies of documents and images.