With a Skimming Price Strategy, Prices for Products or Services

question 15

True/False

With a skimming price strategy, prices for products or services are set lower than normal, long-range market prices in order to gain more rapid market acceptance or to increase market share.

---

Definitions:

Flow Rate

The volume of fluid that passes through a surface per unit of time, often measured in liters per minute (L/min) for medical applications.

Infusion Pump Rate

The speed at which fluids and medications are delivered to a patient through an infusion pump, usually measured in milliliters per hour (mL/hr).

Intravenous Infusion

The administration of liquid substances directly into a vein as a therapeutic treatment.

Potassium Chloride

A chemical compound used medically as a supplement or medication to treat and prevent low blood levels of potassium (hypokalemia).