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Course Detail of MKT 421 Final Exam Latest: 1. Compared with other approaches to business, the marketing concept is distinct in that it: Produces new products and services. Focuses on satisfying customers' needs. Focuses on sales. Creates a broad assortment of products. 2. The sales analysis of a product revealed that profits were highest when it was initially introduced into the market with a high selling price. However, the price was gradually reduced as it started facing competition as substitutes entered the market. This is an example of a (n) _____. Skimming price policy Introductory price dealing Penetration price policy Temporary price cut policy For more details : http://www.studentwhiz.com/Online-Education/MKT-421-Final-Exam-(Latest---Dec-2014)/4066/
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