Which of the Following Is Correct with Regard to the Issue

question 143

Short Answer

Which of the following is correct with regard to the issue of fixed versus dynamic pricing?
When launching new products, startup firms generally use dynamic pricing until they get a better understanding of the market.
In the digital marketplace, dynamic pricing is the norm.
Amazon.com uses fixed pricing as its pricing strategy for its millions of retail items.
The reverse auction is one type of fixed pricing.
All of these are correct.

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Definitions:

Frustration-Aggression Principle

The principle that frustration—the blocking of an attempt to achieve some goal—creates anger, which can generate aggression.

Air Out

The act of exposing something to air to remove moisture, odors, or stale air, often to freshen it.

Reinforcement

A concept in psychology that involves increasing the likelihood of a behavior by following it with a positive or negative consequence.

Modeling

The act of learning by observing and replicating others’ behaviors, attitudes, or emotional expressions.