If Norelco Introduced a New Electric Razor That Sonically Removes

question 69

Multiple Choice

If Norelco introduced a new electric razor that sonically removes hair and priced it first at $175 and then at $150 before reducing the price to $100, the firm's initial pricing strategy is known as

• A)penetration pricing.
• B)psychological pricing.
• C)price lining.
• D)price skimming.
• E)odd-number pricing.

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Definitions:

Sound Waves

Sounds that move through the air or a different substance and become audible upon arriving at the ear of a human or an animal.

Vibration

A mechanical phenomenon whereby oscillations occur about an equilibrium point, commonly observed in objects that produce sound.

Molecules

Groups of atoms bonded together, representing the smallest fundamental units of a chemical compound that can take part in a chemical reaction.

Auditory Canal

Short tunnel that runs from the pinna to the eardrum.