Pricing Is Based on the Amount the Customer Is Expected

question 75

Multiple Choice

Pricing is based on the amount the customer is expected to pay for the product,its perceived value,and the degree to which the price can be raised or lowered depending on ______.

• A)market demand and competitor pricing
• B)manufacturing costs and location
• C)marketing campaigns and customer feedback
• D)wholesaler discounts and retail markup

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Definitions:

Administrative Laws

A branch of law that governs the activities of administrative agencies of government, including rule-making and enforcement.

Hostile Environment

Any unwelcome behavior based on race, gender, religion, or other protected characteristics that makes the workplace intimidating or offensive.

EEOC Guidelines

Rules and recommendations provided by the Equal Employment Opportunity Commission aimed at preventing workplace discrimination.

Effective Performance

Achieving desired outcomes or objectives efficiently and effectively with the optimal use of resources.