The 3M Co Is a Master of the __________ Pricing Strategy

question 288

Multiple Choice

The 3M Co. is a master of the __________ pricing strategy. According to a 3M manager, "We hit fast, price high, and get the heck out when the me-too products pour in."

• A)penetration
• B)cost-plus
• C)ROI
• D)market-oriented
• E)skimming

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Definitions:

Pooled Interdependence

a form of interdependence where different departments or groups within an organization contribute individually to a common outcome without direct reliance on each other.

Faultlines

Hypothetical dividing lines that separate individuals within a group based on demographic or personal differences, potentially leading to conflict.

Dysfunctional Conflict

Conflict that hinders organizational performance, inhibits cooperation, and fosters hostility among members.

Demographic Backgrounds

Demographic Backgrounds pertain to the socio-economic, cultural, or ethnic characteristics that describe specific groups of people within a population.