What Results Can Be Expected If Trimar Videos Used a Price

question 238

Short Answer

What results can be expected if Trimar Videos used a price skimming strategy to price its video equipment?
Large profits may be earned on each sale.
It may generate a lot of consumer interest, but very low profits.
It permits the store to gain entrance to a market and then later adjust the price to a more realistic figure.
It generates a lot of consumer interest.
It will increase Trimar's market share

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Definitions:

Beta

In finance, a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole.

Earliest Due Date

A scheduling strategy that prioritizes tasks or orders based on their due dates, starting with the earliest.

Dispatching Rule

A guideline or policy used in scheduling to determine the order in which jobs or tasks are assigned to resources, aiming to optimize a certain objective.

Critical Ratio

A scheduling or prioritization technique that calculates the ratio of the time remaining until a task's due date to the time required to complete the task, used to order tasks by urgency.