When Microwave Ovens Were in the Introduction Stage of Their

question 355

Multiple Choice

When microwave ovens were in the introduction stage of their product life cycle, some consumers were willing to pay exorbitant prices for these innovative ovens. Taking advantage of this strong consumer desire, marketers set the price for microwave ovens at the highest initial price possible. Marketers of microwave ovens used a __________ pricing strategy.

• A)skimming
• B)penetration
• C)prestige
• D)price lining
• E)bundle

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Definitions:

Exertion of Energy

The physical or mental effort applied to do something or achieve a particular result.

Self-Control

The ability to regulate one's emotions, thoughts, and behaviors in the face of temptations and impulses.

Team Performance

is a measure of how effectively a team achieves its objectives, collaborates, and utilizes resources to produce desired outcomes.

Team Functioning

This involves the processes and mechanisms by which a group of individuals work together effectively to achieve a common goal.