When Apple First Introduced Its IPhone in the U

question 234

Multiple Choice

When Apple first introduced its iPhone in the U.S. market, it priced it at $600. Several months later, Apple reduced the price to $400. And several months after that, it reduced the price again to $200. What pricing policy was Apple using in its initial price strategy?

• A) Introductory price
• B) Skimming price
• C) Cash discount price
• D) Penetration pice
• E) Everyday low price

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Definitions:

African American Residents

Refers to the demographic of people of African descent living in the United States, holding a diverse heritage and contributing significantly to the nation's culture and history.

Truman Doctrine

A U.S. foreign policy established in 1947 by President Harry S. Truman, asserting American support for free peoples resisting attempted subjugation by armed minorities or outside pressures.

Fair Deal

A set of domestic policies proposed by President Harry S. Truman after World War II, focused on improving social welfare and ensuring civil rights.