Which Pricing Policy Would Probably Be Best for a Profit-Oriented

question 282

Multiple Choice

Which pricing policy would probably be best for a profit-oriented producer introducing a really new product with a very inelastic demand curve?

• A)skimming price
• B)meeting competition pricing
• C)below-the-market pricing
• D)penetration pricing
• E)Introductory price dealing

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Definitions:

Ramadan

The ninth month of the Islamic calendar, observed by Muslims worldwide as a month of fasting, prayer, reflection, and community.

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A belief in or the practice of promoting equal rights, responsibilities, and opportunities for all genders.

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A cultural dimension that describes the extent to which individuals in a society accept and expect power to be distributed unequally.

Humane Orientation

Describes a cultural dimension reflecting the degree to which a society encourages and rewards individuals for being fair, altruistic, friendly, generous, caring, and kind.