Match the Term with Its Definition

question 62

Multiple Choice

Match the term with its definition.
-An approach based on setting a high price to convey an image of high quality or uniqueness

• 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:

Cooperative Working Arrangements

Collaborative efforts among individuals or groups to achieve common goals or complete tasks in an efficient and mutually beneficial manner.

Sociotechnical Systems

An approach to complex organizational work design that recognizes the interaction between people and technology in workplaces.

Self-managed Work Groups

Teams that operate without the direct supervision of managers and are responsible for controlling and managing their own tasks and processes.

Lean Production Methods

Efficient manufacturing processes that minimize waste and optimize productivity and quality.