Game Cube Video Game Console Was Launched with an Introductory

question 51

Multiple Choice

Game Cube video game console was launched with an introductory price of $199.95, which was quite low for products of this category. The reasoning behind this low pricing was that the game cube manufacturers expected competition to move in rapidly. Identify the pricing policy used here.

• A) Penetration policy
• B) Prestigious policy
• C) Skimming policy
• D) Going-rate policy

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Definitions:

Causal Chain

A sequence of events where each event is the result of the previous one and causes the next, often used in legal and philosophical arguments.

Unforeseeable

Situations or events that could not have been predicted or expected with reasonable foresight.

Assumption of the Risk

Assumption of the risk is a legal doctrine whereby an individual acknowledges and accepts the known risks associated with an activity, often relieving another party of liability for harm that may result.

Liability

The state of being responsible for something, especially by law, including debts or legal obligations.