With Each New Generation of Apple IPhone, IPad, or Mac

question 7

Multiple Choice

With each new generation of Apple iPhone, iPad, or Mac computer, new models start at a high price then work their way down as newer models are introduced. Apple initially uses a strategy.

• A) market-skimming
• B) deceptive
• C) target costing
• D) market-penetration
• E) predatory

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Definitions:

Income Rises

An increase in the amount of money earned by an individual or household over a period.

Primary Job Market

The primary job market encompasses positions that require specialized skills, training, and education, often offering higher pay and more benefits compared to the secondary job market.

Real Wages

Wages adjusted for inflation, representing the actual buying power of compensation for work performed.

Economic Rent

The income earned from the use of resources above what is necessary to keep those resources in their current use.