When Using a Skimming Price Strategy,small Business Owners Should Remember

question 112

Multiple Choice

When using a skimming price strategy,small business owners should remember that:

• A)it is difficult to correct pricing mistakes with this strategy.
• B)is a long-term policy and it will take time to see appropriate results.
• C)if a price is set too low initially,it can be very hard to raise it later.
• D)it is an excellent strategy for discouraging competitors from entering the market.

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Definitions:

SAS Proficiency

The level of skill or expertise in using the SAS statistical software for data analysis.

Ease Of Learning

The degree to which a new skill or body of knowledge can be acquired by a learner with ease, often influenced by the complexity of the subject matter and the learner's background.

Column Proportion

The ratio of the frequency of each category to the total number of observations in the column, often used in categorical data analysis.

SAS Proficiency

The level of skill and knowledge in using SAS (Statistical Analysis System), a software suite used for advanced analytics, multivariate analyses, business intelligence, and data management.