Which Pricing Policy Is Probably "Best" for a Profit-Oriented, Low-Cost

question 118

Multiple Choice

Which pricing policy is probably "best" for a profit-oriented, low-cost producer who is introducing a new product into a market with elastic demand and is expecting strong competition very soon after product introduction?

• A) Skimming pricing
• B) Introductory price dealing
• C) Meeting competition pricing
• D) Penetration pricing
• E) Status quo pricing

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Definitions:

Cycle Times

The total time from the beginning to the end of your process, as defined by you and your customer, which could include production and processing time.

Assembly Line

A production method that breaks down a complex job into a series of smaller tasks, which are completed in a sequential order.

Task Times

The duration required to complete a specific task or activity within a process or project.