A Firm Is Using ________ When It Charges a High,premium

question 147

Multiple Choice

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.

• A)price skimming
• B)trial pricing
• C)value pricing
• D)market-penetration pricing
• E)prestige pricing

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Definitions:

Prospective Design

A research design that follows participants forward over a period of time to observe future outcomes.

Cross-sectional Design

A research design that analyzes data from a population, or a representative subset, at a specific point in time to examine relationships between variables.

Observational Study

A research method involving the collection of data without interference with the subjects’ natural environment.

Case-control

A type of observational study that compares individuals with a specific condition (cases) to those without the condition (controls) to identify potential risk factors.