The First Target Store Opened in 1962

question 26

Multiple Choice

The first Target store opened in 1962. Its initial strategy was to set prices low to attract a large number of buyers quickly and win a large market share. This is referred to as ________.

• A) market-skimming pricing
• B) market-penetration pricing
• C) value-added pricing
• D) target costing
• E) deceptive pricing

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Definitions:

Genus

In biology, a rank used in the classification of organisms that groups together species sharing common characteristics; in logic, it refers to a general term that describes a broad category.

Differentia

This refers to the traits or attributes that allow us to distinguish between different species within the same genus.

Genus

In biology, the rank in the classification hierarchy that is above species and below family, used to group species that share common characteristics.

Writing Utensil

An instrument or tool used for writing, such as a pen, pencil, marker, or stylus.