Apple IPhone Apple Inc.iPhone Went on Sale on June 29,2007.Apple's Loyal and Loyal

question 158

Multiple Choice

Apple iPhone
Apple Inc.iPhone went on sale on June 29,2007.Apple's loyal and enthusiastic customer base is known for rushing to purchase its new products and the iPhone enjoyed a tremendous amount of "buzz" before its introduction.As expected,the iPhone entered the market at what many believed to be a high price ($599) .However,within weeks the price was reduced to $399.By the end of 2007 over 8 million iPhones had sold in the U.S.marketplace.By most,if not all measures,the original iPhone was a huge success for Apple and it exclusive U.S.carrier AT&T.
On July 11,2008,Apple Inc.released the iPhone 3G,which it advertised as twice as fast as the original iPhone for half the cost.However,in order to obtain an iPhone at the new price of $199,buyers had to agree to a two-year service contract with AT&T.This allows iPhone users to receive phone calls and email,and search the web on the same device.A single charge of $59.99 from AT&T included 450 minutes of cellular calls,with free nights and weekend minutes,unlimited data,visual voicemail,200 text messages,rollover minutes,and unlimited mobile-to-mobile service within the AT&T network.This approach succeeded and over a million iPhone 3Gs were sold during the introductory weekend.
-Refer to Apple iPhone.Best Buy carries the Samsung Instinct for $599.If it had disappointing sales and Best Buy decided to reduce the price and expected Samsung to absorb some of the cost of the lowered price at the end of the season,this would require:

• A) a functional discount
• B) a cash discount
• C) markdown money
• D) a rebate
• E) a quantity discount

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Definitions:

Silent Member

An individual in a group who contributes minimally or not at all during discussions or activities, often due to shyness, lack of knowledge, or disinterest.

Emotional Outbreaks

Sudden and intense expressions of emotion, often uncontrollable, such as crying, laughing, or anger.

Process Agreements

Generally agreed-upon protocols or guidelines by a team on how they will work together to achieve their goals, including decision-making processes and communication norms.

Playing Dumb

Intentionally pretending not to understand or know something in order to avoid responsibility or to gain an advantage.