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.
The body that determines how taxes will be used to support schools, what will or will not be taught, and the length of the school day and year is the . <u>state legislature.</u>
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State Legislature is the frame that determines how taxes will be used to aid colleges, what is going to or will no longer learn, and the length of the college day and year.
The protection and control of public schools is essentially the duty of the state legislature. The formation, choice, and manage of the curricula, educational techniques, and substances used in schools are all relatively prompted with the aid of the states.
Learn more about State Legislature here:-brainly.com/question/24315255
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Answer:
A sub-agent
Explanation:
Since Mike who was hired by Bob is licensed to practice law, which would help him file a lawsuit against those who don't pay the outstanding balances owed, he is a sub-agent.
A sub-agent in legal law is someone who performs a fiduciary duty and incurs the same liabilities in regard to his immediate employers, like the sole principal.
<span>It would be: $3 million ($10 million in cost less $7 million in payment)</span>
