What Is the Term for Charging a Higher Price at the Beginning

question 63

Multiple Choice

What is the term for charging a higher price at the beginning of a product's life cycle?

• A)penetration pricing
• B)predatory pricing
• C)price skimming
• D)target costing

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Definitions:

Magnetic Stripes

Patterns of magnetic anomalies found on the ocean floor, created by the alternating polarity of Earth's magnetic field and used to understand seafloor spreading.

Magnetic Field

A region of space characterized by the presence of a magnetic force, such as that surrounding a magnet or the Earth.

Convergent Boundary

A tectonic boundary where two plates are moving toward each other, often resulting in mountain building, earthquakes, and volcanism.

Slab Pull

A plate-driving force generated by the sinking action of a relatively dense, subducted slab.