While Watching Television, You See an Advertisement for a Microwave

question 5

Multiple Choice

While watching television, you see an advertisement for a microwave pasta cooker. You're interested but are sure it is going to be too expensive, and you wouldn't pay over $20 for it. To your surprise, the pasta cooker is being offered for the low price of $19.99. This is an example of what type of pricing strategy?

• A) product-line pricing
• B) new-product pricing
• C) psychological pricing
• D) promotional pricing

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Definitions:

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The practice of increasing the quality and quantity of website traffic by enhancing the visibility of a website to users of a web search engine.

Team Diversity

Variances or differences in ability, experience, personality, or any other factor on a team.

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Refers to individuals or teams that operate and make decisions independently, without the need for direct supervision.

Self-managed

Describes tasks, groups, or organizations that operate autonomously, with individuals or teams making decisions without external control.