Lang Industries is introducing a new product and will use price ...

[Medesa]

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]

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.