A Skimming Price Is Typically Used When the Company Introducing

question 80

True/False

A skimming price is typically used when the company introducing a new product anticipates other competitors will enter the market quickly.

---

Definitions:

Sensitization

An increased reaction to a stimulus following repeated exposures to it.

Classical Conditioning

An educational method where a connection is made between a stimulus in the environment and one that occurs naturally, resulting in a conditioned response.

Stimuli

Physical or chemical changes in the external or internal environment that evoke a response from a living organism.

Acclimation

The process of an organism adjusting to change in its environment, allowing it to survive and reproduce.