A Number of Applications in the Android Market Do Not

question 80

Multiple Choice

A number of applications in the Android Market do not charge the customer for using the basic version of the application.However,the customers are charged if they want a version of the product with better features.This pricing strategy is referred to as ________ pricing.

• A) value-based
• B) freemium
• C) optimal
• D) auction
• E) penetration

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Definitions:

Cumulative

Refers to an overall amount that includes all accumulated adjustments, additions, charges, and other relevant items over a period.

Preferred Stock

Type of stock that provides dividends before common stock and carries no voting rights, offering a higher claim on assets and earnings.

Par Value

The nominal or face value of a bond, stock, or coupon as stated in the financial instrument, which is a significant figure for calculating interest payments or dividends.

Par Value

The nominal or face value of a stock or bond as stated by the issuing company, often used in the context of bonds.