In Determining a Pricing Model, It Is Advisable for a Business

question 41

Multiple Choice

In determining a pricing model, it is advisable for a business that is just starting out to

• A)price its products at a premium to develop a reputation for high quality.
• B)offer a great value for the money charged to build a customer base.
• C)avoid accounting for its staff's experience in the price of the services it offers.
• D)attempt to reach as wide a customer base as possible.

---

Definitions:

Prefrontal Cortex

A region of the cerebral cortex implicated in a variety of complex behaviors, including planning, and greatly involved in personality development.

Brain

The organ located in the skull responsible for coordinating sensation, intellectual and nervous activity.

Impulses

are sudden, involuntary urges to do something, often without premeditation.

Pruning

The process of reducing or eliminating neural connections in the brain that are not used, which serves to streamline cognitive functioning.