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Which of the following in not an advantage of skimming pricing? A. It allows a manufacturer to quickly recover its research and development costs. B. It permits marketers to control demand in the introductory stages of a product's life cycle. C. Potential competitors see innovative firms reaping large financial returns and decide to enter the market. D. It permits marketers to adjust productive capacity to match changing demand.
Please give a detailed explanation for the answer for the following scenario: As the manager of a plant, you have seen production increase by 20% over the past year, but you have a
Explain Division of Work (or Labour). It is a famous principle of Economics, invented through Adam Smith who was the traditional economist. Fayol had advocated Division of wo
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