A Skimming Strategy Is Appropriate When

question 13

Multiple Choice

A skimming strategy is appropriate when:

• A)there is high price elasticity of demand.
• B)strong threat of imminent competition.
• C)the firm has a distinctly new product in a monopoly period.
• D)All of the above.
• E)Only (b)and (c).

---

Definitions:

Mechanical

Pertaining to machines or the laws of physics that govern how machines work and are utilized.

Direct Customer Interaction

The direct communication and engagement between a business and its customers without intermediaries.

Philosophy

The study of fundamental questions about existence, knowledge, values, reason, mind, and language.

Customer Service

The assistance and support provided by a company to the people who use or buy its products or services.