Question: When the Apple Watch was first released, the most affordable option, the Apple Watch Sport, started at $ 3 4 9 . Although consumers were

When the Apple Watch was first released, the most affordable option, the Apple Watch Sport, started at $

349 .

Although consumers were slow to embrace the new and expensive technology, enough early adopters purchased them that wearable technology has penetrated wider target markets, and sales for such technologies continue to grow. The Apple Watch now starts at $

279,

while competitors' smartwatches start at just $

149 .

The pricing strategy being employed is knows as:

Question

11

options:

price fixing.

price skimming.

price discrimination.

bait and switch.

predatory pricing.

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