1. May 30th

2. 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

3. 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

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

5. 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

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