skimming pricing policy is likely to be most effective when: (1) lowering the price has only a minor effect on increasing sales volume and reducing unit costs; (2) when the high initial price does not attract competitors; (3) customers interpret high price as signifying high quality; and (4) __________.
A) enough customers are willing to buy immediately at the high initial price
B) consumers tend to be price sensitive
C) it will be easier to set measurable sales unit goals
D) a lower price will significantly reduce unit costs
E) consumers perceive your product to be similar to other products on the market
Correct Answer:
Verified
Q3: Demand-oriented approaches weigh factors that underlie expected
Q38: key to setting a final price for
Q39: Q40: skimming pricing policy is likely to be Q41: penetration pricing policy is MOST LIKELY to Q43: skimming pricing policy is likely to be Q44: Apple iPhone was introduced at an initial Q45: penetration pricing policy is MOST LIKELY to Q46: skimming pricing policy is likely to be Q47: pricing strategy that is almost the exact![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents