Going-Rate Pricing Is Often Used with Products in Markets People

question 88

True/False

Going-rate pricing is often used with products in markets people perceive to be very different.

---

Definitions:

Human Relations Movement

A critique of classical management and bureaucracy that advocated management styles that were more participative and oriented toward employee needs.

Bureaucracy

Max Weber’s ideal type of organization that included a strict chain of command, detailed rules, high specialization, centralized power, and selection and promotion based on technical competence.

Social Resources

refer to the assets and supports a person acquires through relationships and social networks, which can include emotional support, information, and material aid.

Organizational Behaviour

Organizational behaviour is the study of how people interact within groups and organizations, and how this behavior affects the performance, structure, and culture of the organization.