The Practice of Simultaneously Increasing Product and Service Benefits While

question 179

Multiple Choice

The practice of simultaneously increasing product and service benefits while maintaining or decreasing price is referred to as

• A) value pricing.
• B) customer-value pricing.
• C) competitive pricing.
• D) cost pricing.
• E) demand pricing.

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Definitions:

Unconditional Promise

A commitment made without any stipulations or requirements for its fulfillment.

Signature

A person's name written in a distinctive way as a form of identification in authorizing a document.

EFT Transfers

Electronic Funds Transfer involves moving money from one bank account to another without the need for physical money exchange, using digital systems.

Bank's Obligation

The responsibilities and duties a bank owes to its customers, such as safeguarding deposits and honoring withdrawals.