____ Is an Abstract Class Used in Java for Input

question 61

Multiple Choice

____ is an abstract class used in Java for input and output (IO) operations.

• A) System.out
• B) Reader
• C) System.err
• D) OutStream

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Definitions:

Price Skimming

A pricing strategy where a firm charges the highest initial price that customers will pay for a new product or service, then gradually lowers the price to attract more price-sensitive consumers.

Penetration Pricing

A marketing strategy where the initial price of a product is set lower than the eventual market price to attract new customers and gain market share.