Pricing Policies Flashcards

1
Q

What is price-skimming?

A

An attempt to exploit those sections of the market relatively insensitive to price changes.

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2
Q

What is penetration pricing?

A

Charging low prices initially with the intention of gaining rapid acceptance of the product.

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3
Q

What is the product life cycle?

A

1) Introductory
2) Growth
3) Maturity
4) Decline

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