GameCube Video Game Console Was Launched with an Introductory Price

question 13

Multiple Choice

GameCube video game console was launched with an introductory price of $199.95,which was quite low for products of this category.The reasoning behind this low pricing was that the GameCube manufacturer expected competition to move in rapidly.Identify the pricing policy used here.

• A) Penetration policy
• B) Markdown policy
• C) Skimming policy
• D) Going-rate policy

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Definitions:

Landrum-Griffin Act

A U.S. federal law enacted in 1959 to regulate labor unions' internal affairs and their officials' relationships with employers.

Labor Leaders

Individuals who advocate for the rights and interests of workers, often holding positions of authority within labor unions.

Abuses of Power

Situations where individuals in positions of authority use their power in ways that are unethical, unfair, or harmful to others.

NLRB

The National Labor Relations Board, a US federal agency responsible for enforcing labor laws in relation to collective bargaining and unfair labor practices.