When Apple Inc

question 120

Multiple Choice

When Apple Inc.developed and introduced the iPhone it was unique as it essentially combined a cellular phone with an iPod,an Internet browser,and email capabilities.As such,in the short run it seemed that demand for the product would be inelastic,with no real existing competition.The recommend pricing strategy in such a situation would be:

• A) low initial price,rising slightly when entering the growth stage
• B) high initial price,falling slightly when entering the growth stage
• C) high price,continuing through growth and maturity
• D) low price,continuing through growth and maturity
• E) low price initially,rising constantly through growth and into maturity

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Definitions:

Civil War

A war between organized groups within the same state or country, often characterized by intense violence and lasting social and economic impacts.

Substance Use Disorder

A medical condition characterized by the uncontrolled use of substances despite harmful consequences, leading to significant impairment or distress.

Maladaptive Behaviors

Actions or tendencies that are counterproductive to oneself or to society, often developed in response to stress or trauma but detrimental to coping in healthy ways.

Repeated Use

The action of using something multiple times, often referring to habits or behaviors that become consistent over time.