Which of the Following Approaches to Pricing Considers That Customers

question 31

Multiple Choice

Which of the following approaches to pricing considers that customers may judge quality on the basis of price?

• A) Demand-based pricing
• B) Profit-based pricing
• C) Competition-based pricing
• D) Supply-based pricing
• E) Cost-based pricing

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Definitions:

Selective Attention

The process by which a person can focus on one stimulus while simultaneously ignoring other stimuli.

Stimulus

Any object or event that elicits a sensory or behavioral response in an organism.

Sleep Cycle

The progression through various stages of sleep including REM (rapid eye movement) and non-REM sleep, repeating cyclically throughout a typical night's rest.

Minutes

A written record of what was said and decided during a meeting.