SWIFT Stands for

question 6

Multiple Choice

SWIFT stands for

• A) Southwestern International Fund Transfers.
• B) Sales World Institutional Financial Telecommunications.
• C) Serving-the-World Institutional Financial Transactions.
• D) Society for Worldwide Institutional Transfers.
• E) None of the above

---

Definitions:

Unique Smartphone

A mobile phone that offers distinct features or innovations not commonly found in standard models, setting it apart from competitors in the market.

Skimming Pricing

A pricing strategy where a new product is priced high at launch to maximize profitability from customers willing to pay a premium before lowering the price over time.

Initial Price

The starting price at which a product, asset, or service is first offered to the market.

Skimming Pricing Policy

A pricing strategy where a high price is set for a new product to maximize profits from market segments willing to pay more.