An Example of a Retailer Using Customary Pricing Would Be

question 88

Multiple Choice

An example of a retailer using customary pricing would be:

• A) a local barber shop maintaining the price of a haircut at $9.00.
• B) a local hardware store promising to undersell the competition by at least 1 percent.
• C) Wal-Mart promising to always have the lowest prices in town.
• D) setting a price at $4.99 instead of $5.00.
• E) charging different consumers different prices.

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Definitions:

Attractiveness

In the context of business, it often relates to the appeal or magnetic quality that a product, service, or company has, making it desirable to customers, investors, or employees.

Orientation

The introduction and alignment of new employees to the company's environment, culture, and expectations to facilitate their adaptation and productivity.

Cross-functional Teams

Teams composed of members with different expertise working toward a common goal, encouraging diversity of thought.

Functional Departments

Divisions within an organization based on functions or roles such as marketing, finance, and human resources, focusing on specialized tasks or services.