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Refer to the Scenario Below to Answer the Following Question(s)

question 33

Multiple Choice

Refer to the scenario below to answer the following question(s) .
Alden Manufacturing produces small kitchen appliances-blenders, hand mixers, and electric skillets-under the brand name First Generation. Alden attempts to target newlyweds and first-time home buyers with this brand.
Considering that most young households have limited financial resources, Alden attempts to engage in target costing. "In doing this," says Milt Alden, the co-founder of Alden Electronics, "we have better control over keeping price right in line with customers."
Alden manufactures a three-speed blender, its top seller, along with a five-speed blender. The hand mixers are manufactured in two variants-a small handheld mixer with two rotating beaters and another that comes with an optional stand and an attached mixing bowl. Alden's temperature-controlled skillets are manufactured in a single style with three color options.
"Our product offerings are narrower," Milt Alden added, "but our line workers know each product like the back of their hands. This allows us to produce superior products while holding our prices low.
-Milt Alden uses which of the following strategies for pricing his products?

Definitions:

Types of Cries

distinct patterns of crying in infants and babies, often reflecting different needs, emotions, or states of discomfort.

Functionalist View

A perspective in sociology and psychology that analyzes society or the mind in terms of the roles or functions its components serve.

Emotions

Complex psychological states that involve an orchestrated pattern of changes in physiological arousal, expressions, and experiences.

Positive Emotions

Emotional states or feelings that are desirable, pleasurable, or fulfilling, such as joy, love, or happiness.