A New Product ________ Pricing Strategy Is Often Used in Markets

question 138

Multiple Choice

A new product ________ pricing strategy is often used in markets with little competition and when the company seeks to recover start-up costs quickly.

• A)penetration
• B)skimming
• C)discount
• D)sliding-down-the-demand-curve

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Definitions:

Convert

To change something into a different form or properties, often referring to physical substances, units of measurement, or religious beliefs.

Erythromycin Ethylsuccinate

An ester of erythromycin suitable for oral administration, used as an antibiotic to treat various bacterial infections.

Package Label

Information found on a package, providing details about the product, its use, and safety instructions.

Milliliter

A unit of volume in the metric system, equivalent to one thousandth of a liter.