According to the General Pricing Model, the First Step for Setting

question 22

Multiple Choice

According to the general pricing model, the first step for setting the price of a swimsuit made from chlorine-resistant fabric, designed for a specific target market, would be to

• A) setting initial price structure.
• B) set pricing objectives for the new product.
• C) evaluate possible product-price relationships.
• D) estimate cost and other price limitations.

---

Definitions:

Recovery Phase

The period of recuperation and restoration of health and normality following a disaster, crisis, or illness.

Pre-Crisis Environment

The state or conditions present before the onset of a crisis, which may influence the impact and response to the crisis.

Return Students

Individuals who resume their education after an interruption, often facing unique challenges and needs compared to continuous students.

Comprehensive School Crisis Plan

A detailed protocol developed by educational institutions to prepare for, respond to, and recover from various emergencies or crises.