Skimming Pricing Is Considered to Be a ________ Approach to Pricing

question 262

Multiple Choice

Skimming pricing is considered to be a ________ approach to pricing.

• A) demand-oriented
• B) cost-oriented
• C) profit-oriented
• D) competition-oriented
• E) service-oriented

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Definitions:

Interest

The cost of borrowing money or the return on investment, typically expressed as a percentage of the principal amount.

Turnover

The rate at which employees leave a company and are replaced by new employees or the rate at which inventory is sold and restocked.

Average Operating Assets

A measure of the investment needed to generate the operating income of a company, averaged over a period.

Return On Investment

A financial metric used to evaluate the efficiency or profitability of an investment relative to its cost.