H&G CoLtdHas Used a High Initial Price for Its Newly Launched

question 86

Multiple Choice

H&G Co.Ltd.has used a high initial price for its newly launched cellphones.The company hopes to recover its research and development costs with this pricing.This is an example of a _____.

• A)price lining strategy
• B)price skimming strategy
• C)yield management pricing strategy
• D)prestige pricing strategy

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Definitions:

Cohesiveness of Workers

The degree to which employees in a group or organization are united and work together towards common goals and interests.

Structural Power

The power that entities or individuals have due to their positions within an organizational, social, or political structure.

Social Movement Unionism

A labor union approach that integrates broader social justice issues into its agenda, aiming to build alliances across different sectors and communities.

Bargaining Leverage

The power or advantage one party has to influence the terms of a negotiation in their favor.