What Type of Pricing Is Being Used When a Company

question 140

Multiple Choice

What type of pricing is being used when a company temporarily prices its product below the list price or even below cost to create buying excitement and urgency?

• A)psychological pricing
• B)basing- point pricing
• C)promotional pricing
• D)segmented pricing
• E)referent pricing

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Definitions:

Democratic Leaders

Leaders who prioritize the participation of team members in the decision-making process, valuing diversity of thought and encouraging open dialogue.

Decision-Making Process

The cognitive process of selecting a course of action from among multiple alternatives, often involving a structured methodology.

Departmentalization

The organizational practice of dividing a business into specialized functional areas or departments to improve efficiency.

Span of Control

It refers to the number of subordinates that a manager or supervisor can directly control.