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umka2103 [35]
3 years ago
10

Companies facing the challenge of setting prices for the first itme can choose between two board strategies; marketing-penetrati

on pricing and _______ pricing.
a) comparativeb) competitivec) market-skimmingd) market-segmentationE) cost-plus
Business
1 answer:
Alika [10]3 years ago
5 0

The correct question should be:

Companies facing the challenge of setting prices for the first time can choose between two board strategies; marketing-penetration pricing and _______ pricing.

Answer: Market Skimming pricing.

Explanation:

A company with a product new to the market can either choose to use the market penetration pricing or the market skimming pricing.

The market penetration pricing works best in a market with a lot of competition. The penetration pricing is a kind of pricing a company uses where the price of it's Products are set to be very low to attract price-sensitive consumers and still make profit.

The market skimming pricing on the other hand is a price setting method where a high entry price is set for a new product and then subsequently reduced with increase in market competition.

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Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one depa
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<u>Calculation of Equivalent Units of Production</u>

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3 0
3 years ago
It is to say that Blue Hamster’s net inflows and outflows of cash at the end of Years 1 and 2 are equal to the company’s annual
Elanso [62]

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