A Leading Hard-Disk Manufacturer Introduces a New Line of High-Capacity

question 177

Multiple Choice

A leading hard-disk manufacturer introduces a new line of high-capacity disk drives.After selling to elite customers at a high price point,the company slowly reduces its prices over a period of time.The company is engaging in

• A)single pricing.
• B)introductory price dealing.
• C)price skimming.
• D)penetration pricing.
• E)predatory pricing.

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Definitions:

Producing More X

Increasing the output or manufacture of a specific product or commodity, referred to as "X".

Society Gains

Refers to the overall benefits or improvements in welfare that accrue to a community or society from economic activities or policies.

Current Output

The total amount of goods or services produced by a firm or economy at a given time.

Pareto Optimality

An allocation of resources where any attempt to benefit one person results in harm to another.