A Skimming Pricing Policy Is Likely to Be Most Effective

question 179

Multiple Choice

A skimming pricing policy is likely to be most effective when

• A)consumers perceive your product to be similar to other products on the market.
• B)a lower price will significantly lower fixed costs.
• C)customers interpret the high price as signifying high quality.
• D)consumers tend to be price sensitive.
• E)it will be easier to set measurable sales unit goals.

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Definitions:

Interpreters

Tools or individuals that convert high-level programming languages into machine language in real-time, allowing immediate execution.

Productivity

The measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.

Class

In object-oriented programming, a template for creating objects that defines a common set of properties and methods for those objects.

Compilers

Programs that translate source code written in a high-level programming language into machine code that a computer can execute.