A Skimming Strategy Will Work Best for a Retailer When

question 29

Multiple Choice

A skimming strategy will work best for a retailer when:

• A) competition is high because it "skims" right above the retailer's costs.
• B) revenues are equal to expenses.
• C) the retailer has a temporary monopoly with its product line.
• D) the retailer has excess capacity in its building.
• E) demand is less than supply.

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Definitions:

Dim Light

A low level of illumination, often creating a subdued or intimate atmosphere.

Cones

Photoreceptor cells in the retina of the eye that are responsible for color vision and function best in relatively bright light.

Rods

Photoreceptor cells in the retina that are highly sensitive to light, allowing for vision in low light conditions but not in color.

Feature-Detector Cells

Neurons in the brain that respond to specific features of a stimulus, such as lines, edges, or movement.