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Sabrina's is an upscale running gear store. Prices are based on customers' beliefs about the value of the gear. The store focuses on a limited target market and provides excellent customer service. Sabrina's is using a ________ pricing strategy.
Social Phenomena
Events, behaviors, or patterns that occur within the realm of society and influence or are influenced by human behavior on a collective scale.
Anthony Giddens
A British sociologist known for his theory of structuration, which aims to understand the relationship between individual actions and societal structures.
Structures
The arrangement or organization of parts as dominant in a society, or in any particular context, defining its framework and function.
Figuration
A concept in sociology that refers to the dynamic patterns of interdependence among individuals or between individuals and society.
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