Prestige Pricing Is a ________ Approach to Pricing

question 57

Multiple Choice

Prestige pricing is a ________ approach to pricing.

• A) demand-oriented
• B) cost-oriented
• C) profit-oriented
• D) competition-oriented
• E) service-oriented

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Definitions:

Paradoxical

Describes something that appears self-contradictory or absurd but may in fact contain a possible truth.

Thought Suppression

The psychological attempt to push thoughts out of one's mind, which can paradoxically lead to an increase in the frequency of those thoughts.

Psychological Disorders

Conditions characterized by abnormal thoughts, feelings, and behaviors that may cause distress or interfere with a person's ability to function.

Ironic Processing

The psychological process wherein attempts to suppress certain thoughts make them more likely to surface.