Rancone Technologies, a Laptop Manufacturer, Released a New Laptop Model

question 88

Multiple Choice

Rancone Technologies, a laptop manufacturer, released a new laptop model priced at $800 to attract customers who could afford to pay the high price. After a few months, it introduced low-priced versions of the same laptop to attract new buyers. By doing so, it maximized profitability by targeting different segments of the market. In this scenario, Rancone Technologies has used the _____ strategy.

• A) penetration pricing
• B) everyday-high pricing
• C) loss-leader pricing
• D) skimming pricing

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Definitions:

Reprimand

A formal expression of disapproval, often in the workplace or educational settings, aimed at correcting undesirable behavior.

Truth

The property of being in accord with fact or reality, often considered as an ultimate standard or objective to be sought.

Social Comparison

The process of evaluating oneself in relation to others, often in terms of abilities, achievements, and social status.

Reprimanding

The act of expressing a strong disapproval or criticism of someone, especially formally.