A skimming strategy is appropriate when:
a. there is high price elasticity of demand.
b. strong threat of imminent competition.
c. the firm has a distinctly new product in a monopoly period.
d. All of the above.
e. Only (b) and (c).
Answer: C
A skimming strategy is appropriate when:
a. there is high price elasticity of demand.
b. strong threat of imminent competition.
c. the firm has a distinctly new product in a monopoly period.
d. All of the above.
e. Only (b) and (c).