A Student Who Just Graduated from College but Has Not

question 6

Multiple Choice

A student who just graduated from college but has not found a job would most likely be

• A)frictionally unemployed.
• B)structurally unemployed.
• C)cyclically unemployed.
• D)seasonally unemployed.
• E)under employed.

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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.