Trying to Get the "Cream" of a Market (I

question 238

Multiple Choice

Trying to get the "cream" of a market (i.e.,the top of a demand curve) at a high price before aiming at the more price-sensitive customers is consistent with a(n)

• A)flexible-price policy.
• B)sales-oriented pricing policy.
• C)skimming price policy.
• D)introductory price dealing policy.
• E)penetration pricing policy

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Definitions:

Chattels

Tangible, movable personal property that can be measured and weighed; also known as goods.

Fixtures

Items that are attached to a property in such a way that they become part of the property and cannot be removed without permission.

Continuing Guarantee

A provision in a guarantee allowing the creditor to advance further funds without affecting the obligation of the guarantor to pay in the event of default.

Legal Claim

A formal assertion by a plaintiff that they are entitled to legal remedy or compensation from a defendant.