The Short Lines of a Centigrade Thermometer Are Marked in _____

question 28

Multiple Choice

The short lines of a centigrade thermometer are marked in _____ of a degree.

• A)0.1
• B)0.2
• C)0.5
• D)1.0

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Definitions:

Price Skimming

A pricing strategy where a firm charges the highest initial price that customers will pay for a new product or service, then gradually lowers the price to attract more price-sensitive consumers.

Penetration Pricing

A marketing strategy where the initial price of a product is set lower than the eventual market price to attract new customers and gain market share.