Examlex

Solved

When Microwave Ovens Were in the Introduction Stage of the Product

question 250

Multiple Choice

When microwave ovens were in the introduction stage of the product life cycle, some consumers were willing to pay exorbitant prices for the innovative ovens.Taking advantage of this strong customer desire, marketers set the price for microwave ovens at the highest initial price that customers with a strong desire for the product were willing to pay.Marketers of microwave ovens were using a _________ pricing strategy.


Definitions:

Conservation Performance

The ability to understand that certain properties of objects remain the same despite changes in the objects' form or arrangement.

Nova Scotia

A Canadian province located on the country's Atlantic coast, known for its maritime heritage and natural beauty.

Binet And Simon

Psychologists who developed the first intelligence test aimed at identifying children in need of academic assistance.

Defective Children

This term is outdated and considered offensive; it historically referred to children with physical, developmental, or cognitive disabilities.

Related Questions