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In Order to Recover Research and Development Costs Rapidly and Earn

question 115

Multiple Choice

In order to recover research and development costs rapidly and earn high initial profits, SenseTV is setting a high price for its plasma TVs. The pricing strategy SenseTV is using is called _____ pricing strategy.


Definitions:

Sucker Effect

A phenomenon where individuals decrease their effort upon perceiving that their contributions are unfairly benefiting others who are not working as hard.

Free Ride

A phenomenon where an individual or individuals benefit from resources or services without contributing to the cost or effort.

Self-Managed Work Team

A group of employees tasked with a particular job or project, which operates with minimal or no supervision, often responsible for their own management and leadership.

Social Skills

Abilities used to communicate and interact effectively and harmoniously with others, including verbal and non-verbal communication, empathy, and active listening.

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