A Retailer Who Uses _____ Pricing Strategy Can Increase Profits

question 10

Multiple Choice

A retailer who uses _____ pricing strategy can increase profits through price discrimination.

• A) everyday low
• B) prestige
• C) high/low
• D) odd-even

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Definitions:

Centralized Structures

Organizational designs where decision-making authority is consolidated at the top levels of management, leading to a hierarchy of control and limited autonomy lower down.

Decentralized

Refers to the distribution of decision-making powers away from a central authority, allowing for greater input and autonomy at the local or divisional levels.

Divisional Structures

An organizational framework where the entity is divided into semi-autonomous units or divisions, each responsible for a particular business function or geographic area.

Functional Specializations

The division of work into distinct areas, each with its own expertise and responsibilities, within an organization.