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As the newest member of the marketing department, your immediate boss asks you to comment on the company's proposal to add two new shoes to the company's middle-of-the-road pricing and product-line strategies. The first pair will retail for $ 40 and has as its target market the "bargain" shopper. The second pair will retail for $200 and is targeted at the "sophisticated shopper." In relation to product-line strategy, what is the company trying to accomplish with these two new items?
Social Control
Mechanisms, strategies, and structures within a society or group to regulate individual behavior and maintain social order.
Organizational Culture
The set of shared values, beliefs, and norms that influence the way employees think, feel, and behave in an organization.
Organizational Culture
The set of shared values, norms, beliefs, and practices that characterizes an organization, influencing its members' behavior and contributing to the unique social and psychological environment of the organization.
Espoused Values
are the explicitly stated values and standards that an organization or individual claims to uphold, which might differ from values-in-action.
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