Which of the Following Is True of Product Considerations in Pricing

question 49

Multiple Choice

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

• A) A penetration policy is generally used when the firm expects minimal competition for a product.
• B) A skimming policy is generally used when the 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 the product is price inelastic.

---

Definitions:

Nursing

A healthcare profession focused on the care of individuals, families, and communities to maintain or recover optimal health and quality of life.

Rooting and Sucking Reflexes

Innate reflexes crucial for infant survival, enabling them to find and draw milk from the breast or bottle nipple.

Visually Guided Reaching

The ability to reach for objects guided by sight, integrating visual perception and motor coordination, often studied in infants and children.

Maturational Changes

Changes that occur as part of the natural aging process, including physical, cognitive, and emotional development.