When a Manufacturer of DVD Recorders Initially Charged a High

question 32

Multiple Choice

When a manufacturer of DVD recorders initially charged a high price but later dropped the price after others entered the market, it was practicing which pricing method

• A) Cost-based pricing
• B) Target costing
• C) Skimming pricing
• D) Penetration pricing

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Definitions:

Class-Consciousness

Awareness of one's own social class and its implications for the dynamics and conflicts in society.

Stratification

The arrangement or classification of something into different groups or layers, often used in the context of social stratification where society is divided into classes or castes.

Swept Away

To be completely overwhelmed or carried off emotionally or physically by something.

Titanic

The British passenger liner that sank in 1912 after hitting an iceberg during its maiden voyage, leading to significant loss of life.