You Want to Take Several Herbal Supplements in Tablet or Capsule

question 41

Multiple Choice

You want to take several herbal supplements in tablet or capsule form. Your best option is to purchase them as

• A) tinctures.
• B) freeze-dried extracts.
• C) herbal teas.
• D) standardized extracts.

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Definitions:

Skimming Pricing

A pricing strategy where a high price is set for a new product to skim maximum revenues layer by layer from the segments willing to pay the high price.

Penetration Pricing

A market strategy where a product is introduced with a low price to attract customers and gain market share before eventually increasing the price.

Demand-oriented

Pricing strategy or manufacturing approach that is guided by the level of demand from consumers or market conditions.

Price Lining

Setting the price of a line of products at a number of different specific pricing points.