business V2 0.0 / 5 ? BusinessrevisionA2/A-levelAQA Created by: LordblipCreated on: 16-01-16 17:34 Diliberatly undercutting a competitor with the intent to put them out of business Predatory pricing 1 of 10 charging the highiest initial price for a product market skimming 2 of 10 The practice offering a new product at a lower price attract customers away from competitors penetration pricing 3 of 10 the practice of keeping the price of a product high encorage favourable conceptions from customers Premium pricing 4 of 10 continuous improvement kaizen 5 of 10 where a business focuses on using more machenery then staff capital intensive 6 of 10 where a business focuses on using a higher ratio of staff ten machenery labour intensive 7 of 10 the capacity at which a business can work capacity utilization 8 of 10 fredric taylor's theory Scientific management 9 of 10 the process used to analyse how long a product will take to compleat Crtitical path 10 of 10
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