May 30th

1. A skimming strategy will work best for a retailer when competition is abundant revenues are equal to expenses demand is less than supply the retailer has a temporary monopoly with its product line

2. Retailers that offer extended shopping hours are more likely to pursue a _______ policy. pricing above the market pricing where profits are maximized flexible pricing following the competition bundling price

3. The Value meal at Burger King is an example of _______ pricing Status Quo Odd-Even Bundle Leader One-Price

Customary Leader Specified Flexible 4. An example of a ______ pricing policy is when movie theaters give discounts to special groups, such as seniors. Customary Leader Specified Flexible

5. Who is this year’s American Idol? Karyn Elton Matt Elton Kaitlyn Elton Jordin Sparks