When Sharp First Introduced Its Line of Graphing Calculators, It

question 148

Multiple Choice

When Sharp first introduced its line of graphing calculators, it set the price quite high; it has lowered the price as competitors have entered the market. The pricing strategy initially used by Sharp is called

• A) customary pricing.
• B) odd-even pricing.
• C) penetration pricing.
• D) price skimming.
• E) prestige pricing.

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Definitions:

Maker

The entity or individual who creates or produces an item or is the principal party to a note or check.

Form of Document

refers to the specific layout, structure, and requirements that a document must meet for legal or official purposes.

Negotiability

The quality of a financial instrument that allows it to be transferred or assigned from one party to another in a way that the rights accompanying the instrument are also transferred.

Revised Article 3

The updated section of the Uniform Commercial Code that delineates rules and procedures for negotiable instruments.