A Learning Organization Has Developed Its__________

question 101

Multiple Choice

A learning organization has developed its__________ .

• A) capacity to adapt and change
• B) a sustainable competitive advantage that is easy to maintain
• C) educational department to keep employees trained
• D) barriers to entry of its markets

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Definitions:

Price Skimming

A pricing strategy where a firm charges the highest initial price that customers will pay for a new product or service, then gradually lowers the price to attract more price-sensitive consumers.

Penetration Pricing

A marketing strategy where the initial price of a product is set lower than the eventual market price to attract new customers and gain market share.