All of the Following Are Potential Disadvantages of a Flexible

question 14

Multiple Choice

All of the following are potential disadvantages of a flexible pricing policy EXCEPT:

• A) it causes inconsistent profit margins
• B) it enables a seller to close a sale with a price-conscious customer
• C) it causes ill will among customers if they discover that other customers are paying lower prices
• D) it enables salespeople to automatically lower the price to make a sale
• E) it can spark a price war with competitors

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Definitions:

Sociocultural Revolution

A significant change in society and culture through the adoption of new beliefs, norms, and values, often driven by technological advancements, social movements, or political changes.

Biological Perspective

An approach in psychology that examines psychological disorders and behaviors from a biological standpoint, focusing on genetics, neurotransmitters, and the anatomy of the brain.

Cognitive Perspective

A psychological approach that focuses on how people think, understand, and know about the world.

Evolutionary Perspective

A theoretical approach in psychology that explains human behavior and mental processes in terms of their adaptive value and evolutionary history.