Market-Skimming Pricing Would Likely Be Most Effective in Selling ________

question 15

Multiple Choice

Market-skimming pricing would likely be most effective in selling ________.

• A)any convenience item
• B)an electronic device for which research and development must be recouped
• C)shampoo and bath soap
• D)anything easily copied by competitors
• E)most items at EDLP retailers such as Walmart

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Definitions:

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by the parties involved in order to be enforceable.

Interest in Land

A legal or equitable claim on real property, such as ownership, a mortgage, or a lease.

Primary Obligation

A primary obligation is the main responsibility or liability that a party is bound to fulfill under the terms of a contract or agreement.

Oral Sales Contract

A verbal agreement between parties for the purchase and sale of goods or services, which may be legally binding depending on the context and the nature of the transaction.