Virtual Electronics Utilizes a Strategy to Charge a Very High

question 134

Multiple Choice

Virtual Electronics utilizes a strategy to charge a very high introductory price for their automobile video theatre.After identifying that their rival firms did not carry this new product,they chose this strategy to achieve maximum profits.Virtual Electronics has chosen a ______strategy.

• A)bundling.
• B)skimming.
• C)high-low pricing.
• D)penetration.

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Definitions:

Conventional Statistics

The use of standardized numerical methods in the collection, analysis, interpretation, and presentation of data.

Copious Amounts

A term indicating a very large or excessive quantity of something.

Real Time

Information or processes that occur or are available immediately without any delay.

Big Data

Copious amounts of information that are often collected in real time and can come from a wide variety of sources, particularly digital.