The Use of Temporary Price Cuts to Speed New Products

question 136

Multiple Choice

The use of temporary price cuts to speed new products into a market and encourage trial by customers is:

• A) A penetration pricing policy.
• B) Introductory price dealing.
• C) Pricing for dollar or unit sales growth.
• D) A skimming price policy.
• E) A flexible-price policy.

---

Definitions:

Privacy Protection

Measures and policies implemented to safeguard individuals' personal information from unauthorized access or disclosure.

Widespread Use

The extensive adoption or utilization of a particular product, technique, or innovation across a broad range of areas or among a large group of people.

Canadians

Individuals who are citizens of Canada, a country located in North America, known for its multicultural society and bilingual official languages of English and French.

Negligence Action

A legal action taken for injury or damage resulting from a party's failure to exercise the care that a reasonably prudent person would have in similar circumstances.