Which Approach for Managing and Resolving Conflict Involves Ignoring the Problem

question 82

Multiple Choice

Which approach for managing and resolving conflict involves ignoring the problem in hopes that the conflict will resolve itself?

• A) Avoidance
• B) Resistance
• C) Compliance
• D) Defusion
• E) Confrontation

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Definitions:

Price Skimming

Price Skimming is a pricing strategy where a higher initial price is set for a new or innovative product, gradually lowering the price over time as the market saturates or competition increases.

Psychological Pricing

Setting the price of a product in a way that will alter its perception by customers.

Market Share

Market Share is the portion of a market controlled by a particular company or product, often represented as a percentage of total sales in a specific industry over a given time frame.

Penetration Pricing

A pricing strategy where a new product is introduced to the market at a significantly lower price than the competition to gain market share quickly.