High-velocity decision making systems are growing rapidly for decisions classed as

When Laser Technology developed and introduced a high-tech crash investigation system to be used by law enforcement officers, the company determined that demand for the product was inelastic, and there was no existing competition. What should be the pricing strategy for the system?

a. low initial price, rising constantly through growth and into maturity b. high initial price, falling slightly when entering the growth stage c. high price, continuing through growth and maturity d. low initial price, rising slightly when entering the growth stage

The Federal Trade Commission says that a product must be entirely new or changed significantly to be called new and that a product may be called new for only ________ months

A) two B) three C) six D) ten E) twelve