Capabilities Can Be Understood and Represented in a Hierarchical Diagram

question 39

Multiple Choice

Capabilities can be understood and represented in a hierarchical diagram:

• A)Yes
• B)Sometimes
• C)Never
• D)Never and does not make any sense

---

Definitions:

Price Skimming

A pricing strategy where a high initial price is set for a new product, gradually lowered over time as the market saturates.

Reference Prices

The prices that consumers consider reasonable and fair for a product.

Break-Even Point

The point at which the costs of producing a product equal the revenue made from selling the product.

Variable Costs

Costs that vary depending on the number of units produced or sold.