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Vladimir [108]
3 years ago
9

Which pricing strategy is characterized by the setting of a low introductory price to help drive consumer awareness and create a

n incentive for the consumer to buy now? Price skimming strategy Experience curve strategy Market penetration strategy Everyday low pricing strategy
Business
1 answer:
Bas_tet [7]3 years ago
5 0

Answer:

The correct option market penetration strategy

Explanation:

Price skimming is when price is set high in order to appeal a group of consumers that the product of high premium quality filled with first of its kind innovation.

Market penetration is the opposite of price skimming in that the prices are set very low in order attract consumers,create an awareness for the new product,thereby encouraging consumers to purchase the new products.

In other words, the pricing strategy highlighted in the question is the latter not the former.

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True or False: Wages in the auto manufacturing industry would be greater than those in the aircraft manufacturing industry.
miss Akunina [59]

Answer:

The statement is: False.

Explanation:

Wages in one industry or another will depend on the labor demand and the specialization required for the job. Auto manufacturing technician job positions are demanded in higher quantities than aircraft manufacturing mechanics. The reason is that aircraft traffic is not even close to the automobile traffic level. Thus, <em>as more auto technicians are requested, their wages tend to be lower</em>. Besides, <em>as fewer aircraft technicians are requested, their wages tend to be higher</em>.

3 0
3 years ago
You are the project manager assigned to a project to upgrade an old bus shelter. The shelter is located along South Street trave
Zarrin [17]

Answer:

Risks of the project include

disruption in the highway during renovation process. - High risk

Poor material used in the construction - High risk

Rainfall may delay the work process. - Medium risk

Traffic flow management will be difficult during peak hours. - Medium risk

Dust and noise during the construction will disturb the society. - Low risk

Explanation:

The risk register includes Risk description, its impact in terms of probability and measures to mitigate such risk. There are many potential risks that are associated with the construction of the bus shelter. The risks are not acceptable as the highway disruption should be kept to minimum and any delay in the work is not tolerable. These risks are reduced by deploying extra labors so that the renovation work is completed on time.

4 0
3 years ago
Match each example with the barrier to inclusion that best describes it.
SCORPION-xisa [38]

Answer:

A)The "like me" bias

B)Ethnocentrism

C)prejudice

D)Ethnocentrism

E)Perceived threat of loss

F)Stereotype

Explanation:

.

4 0
2 years ago
A reference group acts as a point of comparison and as a source of information for an individual.
Eva8 [605]

Answer:

True

Explanation:

A reference group is that group in which the comparison is made between the individual person or the group as the case may be.

In this group, the evaluation of individual taken place with respect to nature, behaviors, and characteristics so that they can know about them i.e performance, aims, etc

Thus, it is a mix of comparison, evaluation, and personal attributes

7 0
3 years ago
_ is the process managers use to continually monitor all phases of the production process to ensure that quality is being built
Free_Kalibri [48]
Statistical Quality Control<span> is the process managers use to continually monitor all phases of the production process to ensure that quality is being built into the product from the beginning and that quality is not being inspected into the product at the end of the production process.

All products go through a quality control procedure to make sure their products meet industry and company standards. Organizations do this to ensure they are putting out the smallest amount of defects as possible when creating items to sell to wholesalers or consumers. </span>
7 0
3 years ago
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