Match the Term with Its Definition

question 101

Multiple Choice

Match the term with its definition.
-A technique that sets lower than normal prices to hasten market acceptance of a product or service or to increase market share

• A)average pricing
• B)follow-the-leader pricing strategy
• C)freemium strategy
• D)markup pricing
• E)penetration pricing strategy
• F)prestige pricing
• G)price lining strategy
• H)price skimming strategy
• I)product line pricing
• J)variable pricing strategy

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Definitions:

Element

(1) One of the basic building blocks of nature. An atom is the smallest part of an element; (2) One part of a group of devices.

Properties

Characteristics or qualities that something possesses, such as physical, chemical, or biological traits.

Positive Charge

A type of electric charge carried by protons and indicative of a deficiency of electrons.

Proton

A subatomic particle found in the nucleus of an atom, carrying a positive electrical charge.