« previous next »

Author Question: A price-skimming strategy assumes that A) the initial demand is highly elastic. B) the product is ... (Read 48 times)

CORALGRILL2014

  • Hero Member
  • *****
  • Posts: 525
on: Jun 29, 2018
A price-skimming strategy assumes that
 A) the initial demand is highly elastic.
  B) the product is efficient.
  C) it will be difficult to recoup development costs.
  D) all consumers have homogeneous tastes.
  E) the initial demand is highly inelastic.

Question 2

When Sharp first introduced its line of graphing calculators, it set the price quite high; it has lowered the price as competitors have entered the market. The pricing strategy initially used by Sharp is called
 A) customary pricing.
  B) odd-even pricing.
  C) penetration pricing.
  D) price skimming.
  E) prestige pricing.


Benayers

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

E

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

The Elastic Rebound Theory The Elastic Rebound Theory
Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
Schematic drawing of initial/terminal (I/T) lymph vessel. Schematic drawing of initial/terminal (I/T) lymph vessel.
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Use the product rule to find derivative Use the product rule to find derivative
Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ... Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ...
Video: Male Reproductive System - The gonadotropin releasing hormone

For a complete list of videos, visit our video library