Match the Term with Its Definition

question 101

Multiple Choice

Match the term with its definition.
-A technique that sets lower than normal prices to hasten market acceptance of a product or service or to increase market share

• A)average pricing
• B)follow-the-leader pricing strategy
• C)freemium strategy
• D)markup pricing
• E)penetration pricing strategy
• F)prestige pricing
• G)price lining strategy
• H)price skimming strategy
• I)product line pricing
• J)variable pricing strategy

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Definitions:

Conflict Emotions

Feelings that arise during or as a result of a conflict, including anger, frustration, resentment, or fear.

Third-Party Intervention

Involvement by an external party in a dispute or negotiation to help all sides reach a resolution.

Mediation

A conflict resolution method where a neutral third party helps disputants come to a consensus on their own.

Arbitration

A form of dispute resolution where a neutral third party makes a binding decision to resolve a conflict between parties.