When Apple Introduced IPhone in the United States in the Summer

question 31

True/False

When Apple introduced iPhone in the United States in the summer of 2007 with a sale price of $599, it used skimming pricing strategy.

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Definitions:

Street Crimes

Criminal activities that occur in public places, typically involving theft, assault, or vandalism.

Expensive

Characterized by high cost or price; something that requires a significant amount of money to purchase or maintain.

Merton's Strain Theory

A sociological theory that explains deviance in terms of the pressure individuals feel to achieve socially accepted goals by legitimate means.

Deviance

Actions or behaviors that violate societal norms or regulations, which can result in disapproval from the majority of society.