A Critical Assumption When Using Target Profit Pricing Is That

question 77

Multiple Choice

A critical assumption when using target profit pricing is that

• A) a higher average price will not cause the demand for a product to fall.
• B) a higher average price will cause new competitors to join the industry.
• C) a higher average price will be offset by reductions in manufacturing costs.
• D) profit is tied to the current value of the dollar in relation to foreign currencies.
• E) any price increase will be followed quickly by similar moves from all of your competitors.

Understand the importance of cultural differences in international negotiations.

Explain the concept and types of conflict and conflict management.

Understand the difference between win-lose and win-win negotiating attitudes across different cultures.

Recognize the importance and methods of tailoring negotiation approaches to cultural differences.

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Definitions:

Stages

refers to the distinct phases or periods that constitute a process of development or progression.

Subjective Self-Awareness

Ability to differentiate the self from the physical and social environment.

Objective Self-Awareness

Ability to be the object of one’s own thoughts and attention–to be aware of one’s state of mind and what one is thinking.

Self-Talk

is the internal dialogue that individuals have with themselves, which can influence feelings and behaviors.