Multiple Choice
In the context of product considerations in pricing, a(n) _____ is an approach to pricing in which a seller charges a relatively low price on a new product and is used when demand for the product is, at least in the short run, price elastic.
A) going rate policy
B) markdown policy
C) penetration policy
D) skimming policy
Correct Answer:
Verified
Correct Answer:
Verified
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