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A Skimming Price Strategy Involves a Low Pricing Policy Intended

question 96

True/False

A skimming price strategy involves a low pricing policy intended to attract price-sensitive customers from competitors.


Definitions:

Producing

Producing involves the creation, manufacturing, or assembly of goods and services for sale or distribution.

Pairs

Two things considered together because of similarity, opposition, or adjacency; often used in context to describe complementary items or concepts.

Marginal Cost

The outlay for creating another unit of a product or service.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

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