Price Can Play a Strategic Role in Which of the Following

question 49

Multiple Choice

Price can play a strategic role in which of the following ways?

• A)Symbolise quality
• B)Differentiate a service from its competitors
• C)Symbolise value offered
• D)Manage demand
• E)All of the above

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Definitions:

Distrust

The feeling of skepticism or lack of confidence in the reliability, truth, or ability of someone or something.

Influence Tactic

Methods or strategies used by individuals or groups to alter or control the behavior or attitudes of others.

Political Power

The capacity or ability of an individual or group to influence the actions, beliefs, or conduct of others within a political context.

Norms

Established standards of behavior or guidelines that are considered normal, appropriate, or acceptable within a group or society.