A Firm Is Using ________ When It Charges a High

question 157

Short Answer

A firm is using ________ when it charges a high, premium price for a new product with the intention of reducing the price in the future.
price skimming
trial pricing
value pricing
market-penetration pricing
prestige pricing

---

Definitions:

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, emphasizing the idea that behaviors are influenced by their consequences.

Food Aversion

A strong dislike or unwillingness to eat certain foods, often developed after a negative experience with the food.

Classical Conditioning

This teaching method repeatedly combines two stimuli; over time, a response once elicited by the second stimulus becomes elicited by the first stimulus in isolation.

Aggressive Behavior

Acts that can cause physical or emotional harm to others, or the intention to hurt others.