Match the Following Abbreviations with Their Definitions

question 12

Multiple Choice

Match the following abbreviations with their definitions.
-With

• A)g
• B)gr
• C)gtt
• D)bid
• E)tid
• F)NPO
• G)hs
• H)a.c.
• I)p.c.
• J)c
• K)s

---

Definitions:

Price-sensitive Market

A market characterized by consumers who are highly responsive to changes in the price of goods and services.

Pricing Method

The approach or strategy adopted by a company to set the price of its products or services, taking into account costs, value to the customer, market demand, and competition.

Prestige Pricing

A pricing strategy where items are priced higher than their actual value to invoke a sense of exclusivity or luxury.

Demand-oriented

A pricing strategy focused on consumer demand factors; prices are set at levels that are believed to stimulate demand.