When Apple Released Its First IPhone in 2007,it Charged Customers

question 42

Multiple Choice

When Apple released its first iPhone in 2007,it charged customers $599.Shortly thereafter,it reduced the price to $399 for the exact same device.Apple's decision to set a relatively high price for a period of time after the product launched and then decrease the price to a level that would be more sustainable over time reflects which pricing strategy?

• A)volume maximization
• B)target pricing
• C)underpricing
• D)survival pricing
• E)profit maximization

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Definitions:

Piaget's Procedures

Methodologies developed by Jean Piaget to study cognitive development in children, involving tasks that assess conceptual understanding and logical reasoning.

Systematic Planning

The process of organizing actions or steps in a methodical way to achieve a specific goal or objective.

Systematic Planning Ability

The capacity to develop, implement, and manage plans in an organized and methodical manner, often aimed at achieving specific objectives.

Memory Task

A task or activity designed to test or enhance the retention and recall capabilities of an individual's memory.