If a Large 10-Km Asteroid or Comet Struck the Earth

question 86

Multiple Choice

If a large 10-km asteroid or comet struck the Earth in the ocean floor,
I.large amounts of molten rock would rain down on Earth and cause massive forest fires.
II.giant tidal waves would result
III.after effects would cause the deaths of most animal life on the planet.
IV.thick clouds of dust would form and block out the Sun for an extended period.

• A)I & IV
• B)II & III
• C)I, II, & III
• D)I, II, III & IV
• E)II, III, & IV

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Definitions:

Psychological Pricing

Setting the price of a product in a way that will alter its perception by customers.

Market Share

Market Share is the portion of a market controlled by a particular company or product, often represented as a percentage of total sales in a specific industry over a given time frame.

Penetration Pricing

A pricing strategy where a new product is introduced to the market at a significantly lower price than the competition to gain market share quickly.

Price Skimming

A pricing strategy where a firm charges the highest initial price that customers are willing to pay and then lowers it over time.