When Laser Technology Developed and Introduced a High-Tech Crash Investigation

question 9

Multiple Choice

When Laser Technology developed and introduced a high-tech crash investigation system to be used by law enforcement officers,the company determined that demand for the product was inelastic,and there was no existing competition.What should be the pricing strategy for the system?

• A) low initial price,rising constantly through growth and into maturity
• B) high initial price,falling slightly when entering the growth stage
• C) high price,continuing through growth and maturity
• D) low initial price,rising slightly when entering the growth stage

---

Definitions:

Procedural Justice

The fairness and transparency of the processes utilized by organizations or authorities in decision making.

Perceived Fairness

Perceived fairness refers to an individual's judgment about the equity and justice of treatment received, especially in social or organizational contexts.

Organizational Culture

Shared beliefs, ambitions, practices, and values that characterize an organization or institution.

Shared Values

Fundamental beliefs or principles that are held in common by members of a group, organization, or society, fostering unity and cooperation.