When Apple,Inc

question 138

Multiple Choice

When Apple,Inc.developed and introduced the iPad,it was unique as it essentially combined a touch-based portable computer,a wireless marketplace,and an eBook reader.As such,in the short run,it seemed that demand for the product would be inelastic,with no real existing competition.The recommend pricing strategy in such a situation would be:

• A) low initial price, rising slightly when entering the growth stage.
• B) high initial price, falling slightly when entering the growth stage.
• C) high price, continuing through growth and maturity.
• D) low price, continuing through growth and maturity.
• E) low price initially, rising constantly through growth and into maturity.

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Definitions:

Decimal Places

The number of digits to the right of the decimal point in a number, which determines the precision of the value.

Decimal Places

The number of digits to the right of the decimal point in a number, specifying its precision.

Currency Field

A specific data type in databases used to store monetary values, ensuring accurate financial data representation with appropriate decimal places.

Table Datasheet

A view in database applications that displays data in rows and columns, similar to a spreadsheet, allowing for data entry and editing.