Which of the Following Is True of Product Considerations in Pricing

question 26

Multiple Choice

Which of the following is true of product considerations in pricing?

• A)A penetration policy is generally used when a firm expects minimal competition for a product.
• B)A skimming policy is generally used when a firm expects competition to move in rapidly.
• C)A penetration policy cannot be used to obtain large economies of scale.
• D)A skimming policy is useful when demand for a product is price inelastic.

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Definitions:

Frequency

The number of cycles or waves per unit of time, often used in the context of electromagnetic radiation or sound waves.

Hydroxyl Signal

A characteristic peak or signal in spectroscopy, especially in nuclear magnetic resonance (NMR) or infrared (IR) spectroscopy, indicating the presence of a hydroxyl (-OH) group.

Singlet

A term in spectroscopy describing a state where all electrons in an atom or molecule are paired, leading to no net electron spin.

Triplet

A quantum state of a molecule or atom in which its spin multiplicity equals three, often used in the context of electron configurations and spectroscopy.