When Apple first introduced its iPhone in the U$.$S$.$ market, it priced it at $$600.$ Several months later, Apple reduced the price to $$400.$ And several months after that, it reduced the price again to $$200.$ What pricing policy was Apple using in its initial price strategy?

skimming price

penetration price

everyday low price

cash discount price

introductory price

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$1$ point

The Oceanside Resort in Rhode Island offers a $40$ percent discount on lodging from October through March every year, due the dramatic drop in the number of visitors during that period, largely because of unfavorable weather conditions. This type of price reduction is called a

noncumulative quantity discount.

functional discount.

trade discount.

cumulative quantity discount.

seasonal discount.

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$51$

$1$ point

When Darius bought a new window air conditioner for his home, he was given information to send to the manufacturer to receive money back for the purchase. This is a coupon.

a discount.

an installment.

an allowance.

a rebate.