A Skimming Pricing Policy Is Likely to Be Most Effective

question 186

Multiple Choice

A skimming pricing policy is likely to be most effective when:

• A)a lower price will have a major effect on reducing unit costs.
• B)competitors will be attracted to the market due to the potential for high sales revenues.
• C)consumers are willing to buy immediately.
• D)consumers perceive your product to be similar to other products on the market.

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Definitions:

Schein's Three Categories

A framework identifying three levels of organizational culture: artifacts, espoused values, and underlying assumptions.

Nonprofit Sector

The part of an economy made up of organizations that are not aimed at profit-making but rather at serving a public or community benefit.

Resource Dependency

A theory that describes how external resources of organizations influence the organization's behavior and strategic decisions.

Recent Research

Studies, experiments, or scholarly work conducted or published in the near past, contributing to the current understanding of a specific field or topic.