Virtual Electronics utilizes a strategy to charge a very high introductory price for their automobile video theater.After identifying that their rival firms did not carry this new product,they chose this strategy to achieve maximum profits.Virtual Electronics has chosen a penetration strategy.

Question

Quizplus · Accepted Answer

Virtual Electronics has chosen a skimming strategy, not a penetration strategy. A skimming strategy involves setting a high initial price to maximize profits from early adopters, especially when there is little competition.

Virtual Electronics Utilizes a Strategy to Charge a Very High