The Addition or Removal of Product or Service Characteristics to Satisfy

question 66

Multiple Choice

The addition or removal of product or service characteristics to satisfy additional needs,especially price,reflect the ____ of a product or service.

• A)value
• B)grade
• C)quality
• D)durability

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Definitions:

Major Steps

outlines the crucial stages or key milestones in a process, plan, or project that need to be accomplished to achieve a particular goal.

Odd-Even Pricing

Setting prices a few dollars or cents under an even number.

Customary Pricing

A pricing strategy where the price of a product or service is based on what is traditional or expected in the industry, rather than being determined by market dynamics or costs.

Everyday Lower Pricing

A pricing approach where businesses maintain consistently low prices for their products instead of depending on sales or markdowns.