Setting a Price Relatively High Compared to Similar Goods and Then

question 51

Multiple Choice

Setting a price relatively high compared to similar goods and then gradually lowering it is a pricing strategy called _____ pricing.

• A)penetration
• B)skimming
• C)cost-based
• D)psychological

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Definitions:

Sugar Cultivation

The agricultural process of growing sugar cane or sugar beets to produce sugar, a practice that has historically been associated with slavery and forced labor in many regions.

Death Rates

A measure of the number of deaths in a particular population, scaled to the size of that population, per unit of time.

Birth Rates

The number of live births per thousand of population per year, a crucial demographic indicator affecting a nation's population growth.

White Settlers

Individuals of European descent who established communities in territories outside of Europe, often leading to the displacement of indigenous populations.