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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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Lorico [155]

Answer:

$880.31

Explanation:

Here for computing the new price of the bond we use the present value formula i.e. to be shown in the attachment

Given that,  

Assuming Future value = $1,000

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The formula is shown below:

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So, after applying the above formula, the new price of the bond is $880.31

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