A Price Skimming Strategy Is Most Often Used for a New

question 17

Multiple Choice

A price skimming strategy is most often used for a new product when:

• A)​competition in the market is abundant.
• B)customers are unwilling to spend a large amount of money on the product.
• C)its supply is greater than its demand.
• D)​the product is perceived by the target market as having unique advantages.

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Definitions:

Contract Bid

The process of submitting a proposal to undertake a specific project or job, often within a competitive context.

Strict Guidelines

Rigorous and precise instructions or rules that must be followed carefully.

Sales Proposal

A written document designed to offer products or services to potential buyers, outlining the benefits, pricing, and terms of the sale to persuade the customer to make a purchase.

Incongruous

Incongruous refers to something that is not in harmony or keeping with the surroundings or other aspects of something, often leading to a sense of discrepancy or inconsistency.