The Product Strategy in Which Companies First Determine the Price

question 100

Multiple Choice

The product strategy in which companies first determine the price at which they can sell a new product and then design a product that can be produced at a low enough cost to provide an adequate profit margin is referred to as _____.

• A)full costing
• B)target costing
• C)predatory pricing
• D)discriminatory pricing

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Definitions:

Persuasive Approach

A communication technique aimed at convincing or influencing others to accept a specific viewpoint, idea, or action.

Indirect Approach

A communication method where the main point or request is presented after providing the background or rationale.

Direct Approach

An upfront, straightforward method of communication or problem-solving, often characterized by clear and concise messages.

Countertransference

A situation where a therapist transfers emotions to a patient, originally stemming from the therapist's own past, which can affect the therapeutic relationship.