Many Cosmetology Schools Allow Their Advanced Students to Style Hair

question 92

Multiple Choice

Many cosmetology schools allow their advanced students to style hair for "real-world" clients for a reduced fee. The students benefit from the experience, the clients get a less expensive haircut, and the school provides students with additional training while generating revenue as well. The haircut pricing is an example of

• A) value pricing.
• B) societal pricing.
• C) revenue sharing.
• D) barter.
• E) cost-assist pricing.

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Definitions:

Communal Branding

Strategies that foster a sense of community among consumers, creating shared values and connections around a brand.

Brand Centric

A marketing approach or business philosophy that places the brand at the core of all decisions, strategies, and customer interactions.

Communal Branding

A marketing strategy that builds a shared sense of belonging and identity among a brand's community of customers.