Duty-Based Ethical Standards Are Most Likely to Derive from

question 46

Multiple Choice

Duty-based ethical standards are most likely to derive from

• A)a corporate ethics code.
• B)a cost-benefit analysis.
• C)philosophical reasoning.
• D)the law.

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Definitions:

Skimming Pricing Strategy

A pricing approach where a relatively high price is set for a new product or service at its launch to maximize profitability before aiming at more price-sensitive customers.

Odd Pricing Strategy

A pricing strategy where prices are set slightly below a round number, e.g., $19.99, to make products appear less expensive.

Standardization

The process of implementing and developing technical standards to maximize compatibility, efficiency, and quality among products and systems.

Differentiation

A marketing strategy where a company designs its products or services to be unique and attractive to a specific customer segment, setting it apart from competitors.