When using a skimming price strategy,small business owners should remember that:
A) it is difficult to correct pricing mistakes with this strategy.
B) is a long-term policy and it will take time to see appropriate results.
C) if a price is set too low initially,it can be very hard to raise it later.
D) it is an excellent strategy for discouraging competitors from entering the market.
Correct Answer:
Verified
Q3: Tom is working on a pricing strategy
Q4: _ is a technique which greatly simplifies
Q5: The _ pricing strategy often reinforces the
Q7: Jerry is developing a pricing strategy for
Q9: The basic objective of a penetration pricing
Q10: A new product _ pricing strategy is
Q12: When small manufacturing companies face rapidly increasing
Q14: Small business owners get into trouble when
Q15: _ pricing policy is used to introduce
Q18: The Omega Company introduces products with a
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