Which of the Following Is True of Product Considerations in Pricing

Multiple Choice

Which of the following is true of product considerations in pricing?

A) A penetration policy is generally used when a firm expects minimal competition for a product.
B) A skimming policy is generally used when a firm expects competition to move in rapidly.
C) A penetration policy cannot be used to obtain large economies of scale.
D) A skimming policy is useful when demand for a product is price inelastic.