Price ________ Involves Charging a High Price for a Product

question 59

Multiple Choice

Price ________ involves charging a high price for a product initially, then lowering the price over time.

• A)discrimination
• B)penetrating
• C)predation
• D)skimming

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Definitions:

Class Systems

Social stratification based on both social and economic status, which often determines access to resources, opportunities, and privileges within a society.

Caste Systems

A form of social stratification characterized by hereditary transmission of a lifestyle, occupation, and social status, with little to no mobility.

Stratification

The division of society into classes that have unequal access to resources and power.

Simplicity Movement

A lifestyle choice emphasizing minimalism and reducing one's footprint by consuming less and living with essentials.