Figure 11-2 -Figure 11-2 Above Represents the Four Approaches to Selecting an Selecting

question 359

Multiple Choice

Figure 11-2
-Figure 11-2 above represents the four approaches to selecting an appropriate price level."D" includes customary and loss leader so it represents which approach?

• A)competition-oriented approach
• B)cost-oriented approach
• C)profit-oriented approach
• D)results-oriented approach
• E)demand-oriented approach

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Definitions:

Financial Value

The quantifiable worth of an asset, security, or company, often determined by material and tangible factors within markets.

Extrinsic Rewards

Incentives provided by an external source, such as an employer, to motivate employees, which can include wages, bonuses, and other tangible benefits.

Intrinsic Rewards

Satisfaction a person receives from the process or act of performing a particular activity, rather than from any external rewards.

Higher Order Needs

Psychological desires that go beyond basic physical needs, such as the need for self-esteem, belonging, and self-actualization.