What Term Refers to the Skimming Pricing Strategy

question 147

Multiple Choice

What term refers to the skimming pricing strategy?

• A) market-plus pricing
• B) competitive pricing
• C) penetration pricing
• D) functional pricing

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Definitions:

Safety Committees

Groups formed within organizations to identify safety and health issues and to develop strategies to improve workplace safety.

Union Representation

The act of a labor union acting as an intermediary between its members and the management of an organization, negotiating terms of employment.

Board of Directors

A group of individuals elected to represent shareholders and make decisions on major company issues, including corporate policies and strategies.

Workers' Compensation

An insurance program that provides financial and medical benefits to employees who are injured or become ill as a direct result of their job.