Which of the Following Strategies Is Involved with Price Skimming

question 20

Multiple Choice

Which of the following strategies is involved with price skimming?

• A) Setting an initial low price to establish a new product in the market
• B) Setting an initial low price to cover new product costs and still generate a profit
• C) Setting a limited number of prices for certain categories or products
• D) Setting an initial high price to establish a new product in the market
• E) Setting an initial high price to cover new product costs and still generate a profit

---

Definitions:

Aversion Therapy

A form of psychological treatment using negative stimuli to reduce or eliminate unwanted behaviors or attractions.

Modeling

The process of learning by observing and imitating the behavior of others.

Observation

Observation involves carefully watching, listening, and noting phenomena as they occur naturally without interfering, as a method of gathering data.

Imitation

The action of using someone or something as a model and replicating their behavior or actions.