Since It Involves the Use of a High Price Relative

question 79

Multiple Choice

Since it involves the use of a high price relative to prices of competing products or services, the skimming pricing strategy is sometimes referred to as _____ pricing.

• A) penetration
• B) competitive
• C) market-plus
• D) functional

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Definitions:

Forgiveness Of Loan Repayment

A situation where a lender decides not to require the borrower to repay some or all of an outstanding loan, potentially resulting in taxable income for the borrower.

Income

Income refers to the money received by a person or organization for work, from investments, or from various other sources.

Borrower

An individual, organization, or entity that receives funds from another under the condition of returning the funds, typically with interest, over a period of time.

Schedule B

A form used with the IRS tax return to report interest and ordinary dividend income.