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Suppose y is measured on the vertical axis, x is on the horizontal axis, and the various combinations of x and y are shown by a nonvertical straight line.Which of the following must be true?
Innovative Product
A new or significantly improved product that meets unique customer needs or opens up new markets.
High Initial Price
A pricing strategy where a new product is introduced to the market with a relatively high price point in order to maximize revenues from early adopters.
Skimming Pricing Strategy
A pricing strategy that involves setting high prices initially to target early adopters and then lowering the price over time.
Portable Digital HD Camera
A lightweight, compact device capable of capturing high-definition videos and images, designed for ease of transportation and use on the go.
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