« previous next »

Author Question: Lang Industries is introducing a new product and will use price skimming to set the price. Price ... (Read 105 times)

Medesa

  • Hero Member
  • *****
  • Posts: 507
on: Jul 14, 2018
Lang Industries is introducing a new product and will use price skimming to set the price. Price skimming is
 A) the strategy of charging the highest possible price for a product during the introduction stage of its life-cycle.
  B) a way for the seller to secretly pocket extra money charged for a product but not recorded on the company books.
  C) raising prices above a fair price.
  D) a means of increasing competition in order to raise prices even higher.

Question 2

What advantages do robots have over human workers? What advantages do human workers have over robots?


katheyjon

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jul 14, 2018
Answer to Question 1

A

Answer to Question 2

Robots work quickly, accurately, and steadily. Robots are well designed for tedious, repetitive tasks and robots can easily handle hazardous materials. Robots work at a much lower cost than do human workers. Robots can also be used to check the quality of products as they are being processed on an assembly line. Human workers tire, are not as consistent, and cost more over a long period of time.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Rivers Are a Product of Their Watersheds Rivers Are a Product of Their Watersheds
Price of Computers, 1982–2010 Price of Computers, 1982–2010
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Use the product rule to find derivative Use the product rule to find derivative
To find the derivative use product rule To find the derivative use product rule
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Video: Febrile Seizure

For a complete list of videos, visit our video library