When Apple Introduced Its IPhone,it Was Priced at $599

question 74

Multiple Choice

When Apple introduced its iPhone,it was priced at $599.This allowed Apple to earn the maximum amount of revenue from the various segments of the market.Two months after the introduction,the price has come down to $399.What kind of pricing did Apple adopt?

• A)loss-leader pricing
• B)market-penetration pricing
• C)market-skimming pricing
• D)target-return pricing
• E)value pricing

Recognize best practices in providing feedback and advice for performance improvement.

Understand the concept of self-efficacy and its relation to motivation and performance outcomes.

Develop knowledge on how to effectively use rewards and incentives to drive team performance.

Discuss the significance of aligning individual goals with organizational objectives.

---

Definitions:

Ending Balance

The amount of money in an account at the end of a period, after all additions and subtractions have been accounted for.

Finished Goods Inventory

The stock of completed products that are ready to be sold but have not yet been sold to consumers.

Beginning of the Year

Refers to the start of a fiscal or calendar year, marking the time frame used for financial and operational planning and analysis.

Predetermined Overhead Rate

A rate calculated before a period begins, used to assign manufacturing overhead costs to products based on a relevant activity base.