What is the first step for scanning the environment?

Penny Bank, a discount store, is highly competitive. When entering a new market, Penny Bank often cuts prices so deeply that it sells below costs, effectively pushing smaller retail stores with less purchasing power out of the market

In this case, Penny Bank is using ________. A) market skimming B) psychological pricing C) predatory pricing D) deceptive pricing E) cost-plus pricing

________ is the ability of individuals to move from one stratum of society to another

A) Social stratification B) Social mobility C) Socialization D) Hierarchical structure