76.
. . . . . . . . channel is one in which two or companies join together to exploit a marketing opportunity either by themselves or by creating an independent unit.

77.
Which of the following statements is correct in regards to pricing?
(1) Price skimming relies on high upfront price to maximize short-term profits.
(2) Penetration price relies on low upfront price to attract customers.
Select the correct answer:

78.
. . . . . . . . are consumers, who buy one brand all the time.

79.
Technological advances, shifts in consumer tastes, and increased competition, all of which reduce demand for a product, are typical of which stage in the PLC?