The Managers at Click-To-Door,an E-Commerce Website,closely Monitor Its Rival Online

question 8

Multiple Choice

The managers at Click-to-Door,an e-commerce website,closely monitor its rival online retailers to analyze how consumers respond to changes in the prices of certain products.They use the results of this analysis to constantly change the prices on their website to maximize sales and profits.In this case,which of the following pricing strategies does Click-to-Door follow?

• A) Comparative pricing
• B) Dynamic pricing
• C) Capacitive pricing
• D) Dependent pricing

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Definitions:

Implicit Memory

The type of memory that allows people to perform tasks without conscious awareness of the learning processes that led to them.

Explicit Memory

Explicit memory is a type of long-term memory that involves conscious recollection of factual information, previous experiences, and concepts.

Short-Term Memory

The part of the memory system where information is stored for a short duration, typically a few seconds to a minute.

Acronyms

Words formed from the initial letters of other words and pronounced as a word (e.g., NASA, SCUBA).