Razer-Edge Makes Machines for Sharpening the Blades Used by Butchers

question 113

Multiple Choice

Razer-Edge makes machines for sharpening the blades used by butchers to slice meat.When Razer-Edge priced its Primary Sharpener,its salespeople were told that it would be sold for $1,700,but that there would be room for discounts and flexibility.The $1,700 price is the _____ price for the Primary Sharpener

• A) base
• B) zone
• C) demand
• D) channel leader
• E) functional

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Definitions:

Process Innovation

The introduction of new or significantly improved production or delivery methods in business.

Exploratory

Pertaining to or involving investigation or examination with the purpose of discovering new information or relationships.

Product

An item or service created through a process and offered in the market to satisfy a need or want.

Product Innovation

The development of new or improved goods or services that are sold to meet customer needs.