____ Is a New Product Pricing Strategy Which Results in a High

question 18

Multiple Choice

____ is a new product pricing strategy which results in a high initial product price.This price is reduced over time as demand at the higher price is satisfied.

• A) Prestige pricing
• B) Price lining
• C) Skimming
• D) Incremental pricing
• E) None of the above

---

Definitions:

Electrical Circuits

Pathways that allow electricity to flow from a source, through components, and back to the source forming a complete loop.

Control Coil

An electromagnetic coil used within certain systems to control the operation or movement of a component, often found in relays and solenoids.

SAE Relay

A type of electrical relay that meets the standards set by the Society of Automotive Engineers, used in automotive applications.