Which of the Following Is Correct with Regard to the Pricing

question 168

Multiple Choice

Which of the following is correct with regard to the pricing of existing and new products?

• A) Price skimming is generally most effective for consumer goods,but penetration pricing is generally most effective for industrial goods.
• B) The penetration pricing option is generally most effective for both consumer and industrial goods.
• C) In the car rental business,setting prices below the market generally works best.
• D) Penetration pricing is generally superior to a skimming strategy for new products.
• E) None of these.

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Definitions:

Connective Tissue

A type of body tissue that supports, binds together, and protects the organs and other tissues of the body.

Cartilage

A firm, elastic type of connective tissue found in many areas in the bodies of humans and other animals.

Hyaline Cartilage

A type of cartilage that is translucent and appears glass-like, found in areas such as the nose, trachea, and at the ends of long bones, where it reduces friction and absorbs shock.

Aponeurosis

A flat, broad tendinous sheet that serves as a point of insertion for skeletal muscle fibers and plays a role in transmitting muscular force.