Which of the Following Observations About the Impact of Product

question 69

Multiple Choice

Which of the following observations about the impact of product considerations on pricing is true?

• A) A penetration policy should be used when the firm expects no competition for a product.
• B) The stage of the life cycle that a product is in does not have any pricing implications.
• C) A going-rate pricing is popular for distinctive products.
• D) A skimming policy is useful when the firm has a temporary monopoly and when demand for the product is price inelastic.

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Businesses with limited revenue and number of employees, distinct from medium-sized and large enterprises.

Economy

The system of production, distribution, and consumption of goods and services within a specific geographical area.

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Individuals who organize, operate, and assume the risk for a business venture.

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