How Is the Policy of "Equivalence" Best Described

question 46

Multiple Choice

How is the policy of "equivalence" best described?

• A)It assumed a balance of power on both sides could prevent war.
• B)It was the diplomatic attempt to trade Soviet spies for Western spies after the construction of the Berlin Wall.
• C)It found that western Europe and eastern Europe were equal in their military capacity.

---

Definitions:

Skimming Pricing

A pricing strategy involving setting high prices initially to target consumers who are willing to pay more for new or unique products.

Innovative Product

A new or significantly improved product that meets unique customer needs or opens up new markets.

High Initial Price

A pricing strategy where a new product is introduced to the market with a relatively high price point in order to maximize revenues from early adopters.

Skimming Pricing Strategy

A pricing strategy that involves setting high prices initially to target early adopters and then lowering the price over time.