A Market-Penetration Pricing Policy Should LEAST Likely Be Used for a New

question 42

Multiple Choice

A market-penetration pricing policy should LEAST likely be used for a new product when ________.

• A) the market is highly price sensitive
• B) production and distribution costs fall as sales volume increases
• C) the product's quality and image support a high price
• D) a high price helps keep out the competition
• E) there are few or no competitors in the market

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Definitions:

Limited Partnership

A business partnership where at least one partner has unlimited liability and one or more partners have limited liability, not involved in daily management.

Dissolving

The process of formally ending the existence of a corporation or partnership, involving liquidation of assets and distribution of the proceeds to claimants.

Partnership

A partnership refers to a business structure where two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Agreement.

Rightful Dissolution

Refers to the proper or legally sanctioned ending of a partnership, company, or other legal entity according to the terms of its formation documents or relevant laws.