1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
soldier1979 [14.2K]
3 years ago
13

"The first generation Apple iPod was introduced in 2001 and sold for $500. The following year a mini version was introduced for

$250. Apple initially used a ________ strategy to price their digital music innovation."
Business
1 answer:
Vlada [557]3 years ago
4 0

Answer:

Market skimming

Explanation:

Market skimming is pricing strategy of organizations under which a product is priced higher when it is introduced to make maximum profit and after the product seeps in to the market, then price is reduced.

This pricing strategy is adopted by organizations that introduce an innovative product in the market that has the potential to be priced higher.

Apple followed this strategy as it introduced first iPod which was new to the market at considerably higher price of $500. This was possible as there were no competitors. Afterwards, it reduced the price of next version as then many competitors entered the market.

You might be interested in
Investments can help a business increase productivity by:
anyanavicka [17]

Answer:

c

Explanation:

when Offering the business more efficient ways to make and encourage the business can develop

3 0
3 years ago
Read 2 more answers
A furniture company using accrual accounting purchased 20 sofas in November 2011. In December 2011, 8 of the 20 sofas were sold
kvasek [131]

Answer:

November 2011

Explanation:

Based on the information given if the company purchased 20 sofas in the month of November 2011 in which the company paid the amount of $3,000 for an advert that ran in the local newspaper in the same month of November 2011 which simply means that the month in which the advertising costs should be expensed is the month of NOVEMBER 2011 which is the month the company paid the amount of $3,000 for advertising in the local newspaper.

6 0
3 years ago
The MR = MC rule Multiple Choice applies both to pure monopoly and pure competition. applies only to pure competition. applies o
Neko [114]

The MR = MC rule C. applies only to pure monopoly.

<h3>What is monopoly?</h3>

It should be noted that monopoly simply means the only seller of a good to service in the market.

In this case, the MR = MC rule applies only to pure monopoly.

In conclusion, the correct option is C.

Learn more about monopoly on:

brainly.com/question/13113415

#SPJ1

3 0
2 years ago
In calculating earnings per share, companies deduct preferred dividends from net income if:
Savatey [412]

Answer: Option B

Explanation: Earnings per share is calculated by dividing net income available to common shareholders with the weighted average number of shares.

Deduction of preferred dividends from net income is done only when dividends are declared by the entity, otherwise not. Preference shareholders have priority over common shareholders in case of dividends, so it will result in reduction of earnings to common shareholders but only when the dividends are declared and distributed.

7 0
3 years ago
Tax on imported goods used by governments to reduce imports and protect domestic industries. T/F
Tom [10]

Answer:

True

Explanation:

7 0
3 years ago
Other questions:
  • A payment is said to be ________________ if it is automatically adjusted for inflation. cross referenced indexed matched maintai
    9·1 answer
  • All of the following represent cash outflows to the firm excepta. Taxes.b. Interest payments.c. Dividends.d. Purchase of plant a
    11·1 answer
  • What pricing strategy is usually the rule in an oligopolistic industry that a few firms​ dominate, which might be in the best in
    8·1 answer
  • Suppose you have $12000 in your checking account. You withdraw $500 cash from your account and hide it under your pillow for fut
    7·1 answer
  • IKEA sells a portable workbench called the FARTFULL. The product has many positive features, and in German or Swedish markets, t
    9·1 answer
  • Professional auditing standards identify the principal "management assertions" that underlie a set of financial statements. The
    8·1 answer
  • Pina Corporation factors $268,100 of accounts receivable with Kathleen Battle Financing, Inc. on a with recourse basis. Kathleen
    11·1 answer
  • Fracking is the process by which oil is extracted from underground using a high-pressure water mixture. This procedure probably
    9·1 answer
  • 4. Profit maximization and loss minimization
    11·1 answer
  • which situation indicates a weak internal control structure? a. the mail room clerk authorizes credit memos b. the warehouse cle
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!