A Company That Intends to Maintain Low-End Pricing Policies to Make

question 114

Multiple Choice

A company that intends to maintain low-end pricing policies to make the market unattractive for its competitors is using which of the following pricing objectives in its price planning?

• A) sales
• B) profit
• C) break-even
• D) competitive effect
• E) customer satisfaction

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Definitions:

Evolution

The biological process by which species of organisms change over time through variation, genetic mutation, and natural selection.

Environment

The surroundings or conditions in which a person, animal, or plant lives or operates, including natural, social, and cultural factors.

Zone of Proximal Development

A concept developed by Vygotsky describing the difference between what a learner can do without help and what they can achieve with guidance and encouragement from a skilled partner.

Theorist

An individual who formulates theories or is versed in the development of abstract models of understanding to explain phenomena.