In an Effort to Build Sales for Their New Running

question 29

Multiple Choice

In an effort to build sales for their new running shoes quickly, Sprinters Inc. set the initial price of the shoes very low. What type of pricing does this reflect?

• A)market penetration
• B)bundling
• C)price fixing
• D)reference
• E)skimming

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Definitions:

Perception

The cognitive process of interpreting sensory information to represent and understand the environment around us.

Vestibular

Pertaining to the vestibular system in the inner ear, responsible for providing the leading contribution to the sense of balance and spatial orientation for the purpose of coordinating movement.

Homeostatic

Referring to the self-regulating processes that biological systems use to maintain stability while adjusting to conditions that are optimal for survival.

Kinetic

Kinetic refers to motion and the forces that produce or affect motion.