Which of the Following Observations About the Impact of Product

Multiple Choice

Which of the following observations about the impact of product considerations on pricing is true?

A) A penetration policy should be used when the firm expects no competition for a product.
B) The stage of the life cycle that a product is in does not have any pricing implications.
C) A going-rate pricing is popular for distinctive products.
D) A skimming policy is useful when the firm has a temporary monopoly and when demand for the product is price inelastic.