A penetration strategy tends to be effective in a price-sensitive market. Thus, one of the purposes of penetration pricing is to do which of the following?
a. recoup product development costs quickly
b. discourage competitors from entering the market
c. produce a large margin of profit per unit
d. attract the price-insensitive buyer who demands the latest in technology
Ans: b. discourage competitors from entering the market
Business
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Regulatory issues in HR discuss how legislation is designed to
A. make businesses more selective to hire the best individuals. B. protect the rights of individuals in the employment process. C. fill quotas in organizations. D. protect businesses from frivolous lawsuits.
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What is the main goal of operations management?
What will be an ideal response?
Business