Trying to Get the "Cream" of a Market (I

question 98

Multiple Choice

Trying to get the "cream" of a market (i.e., the top of a demand curve) at a high price before aiming at the more price-sensitive customers is consistent with a(an) :

• A) flexible-price policy.
• B) sales-oriented pricing policy.
• C) skimming pricing policy.
• D) introductory price dealing policy.
• E) penetration pricing policy.

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Definitions:

Managerial Task

Managerial tasks refer to the responsibilities and duties performed by managers, including planning, organizing, leading, and controlling to achieve organizational goals.

Field of Organizational Behaviour

A study area focused on understanding, explaining, and improving the attitudes and behaviors of individuals and groups in organizations.

Organizational Behaviour

The study of how individuals and groups interact within organizations and the impact of such interactions on organizational performance.

Organizational Structure

The system that outlines how certain activities are directed to achieve the goals of an organization, including roles, responsibilities, communication pathways, and hierarchical levels.