Marketers of New and Innovative Products or Services Are More

question 90

Multiple Choice

Marketers of new and innovative products or services are more likely to use a price skimming strategy if:

• A)they can patent their innovation.
• B)they control access to materials used in production of the product.
• C)their innovation is complex and will take time to duplicate.
• D)entry costs for competitors are high.
• E)all of the above.

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Definitions:

Employee-Centred

A management approach focusing on employees' needs, development, and welfare as a priority.

Self-Organisation

Self-organisation is the ability of a system, particularly in complex systems, to structure itself and adapt to changes without external control.

Bureaucratic Features

Characteristics or aspects that define the structured and hierarchical nature of formal organizations.

Employee Participation

The involvement of employees in decision-making processes and aspects of organizational life beyond their immediate job roles.