Question: When Sony introduced the first consumer VCRs in the 1 9 7 0 s , the retail price exceeded $ 1 , 0 0 0

When Sony introduced the first consumer VCRs in the 1970s, the retail price exceeded $1,000. Within a few years, the price dropped well below $500. This is an example of:
Group of answer choices
skimming strategy.
price ceiling strategy.
cost-based strategy.
penetration strategy.
transfer pricing strategy.

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