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:

Direct Quote

The rate of foreign exchange denoted in the national currency per each foreign currency unit.

British Pounds

The official currency of the United Kingdom, also known as GBP (Great British Pounds).

Expropriation

The act of a government taking privately owned property, typically for public use or in the public interest, with or without compensation.

Direct Investments

Investments made directly into a company or project, rather than through securities, stocks, or other indirect means.