What Type of Pricing Strategy Is Used in a Situation

question 3

Multiple Choice

What type of pricing strategy is used in a situation where the seller has an ethical responsibility not to overcharge the client and the fees do not relate directly to the time and/or effort spent in specific cases?

• A) Price lining
• B) Prestige pricing
• C) Professional pricing
• D) Customary pricing
• E) Price skimming

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Definitions:

Depressant

A category of psychoactive drugs that reduce arousal and stimulation, affecting the central nervous system to slow down bodily functions.

Nervous System

A complex network of nerves and cells that transmit signals between different parts of the body, coordinating its actions and sensory information.

Activity Decrease

A reduction in the level of physical or mental action or the frequency of activities.

Social Control

Mechanisms, strategies, and institutions society uses to regulate individual behavior and maintain social order.