Multiple Choice
Which of the following is true of product considerations in pricing?
A) A penetration policy is generally used when the firm expects minimal competition for a product.
B) A skimming policy is generally used when the 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 the product is price inelastic.
Correct Answer:
Verified
Correct Answer:
Verified
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