When an Organisation Sets a Number of Different Prices for Selected

question 84

Multiple Choice

When an organisation sets a number of different prices for selected groups of merchandise, this strategy is commonly referred to as:

• A)prestige pricing.
• B)price lining.
• C)customary pricing.
• D)odd-even pricing.
• E)ethical pricing.

---

Definitions:

React

pertains to an individual's immediate response or reaction to a stimulus or situation, often without extensive analysis.

Implications

The possible outcomes or effects that may result from a particular action, decision, or circumstance, often considered in planning or analysis.

Transactional Leaders

Leaders who focus on the role of supervision, organization, and group performance, often emphasizing the exchange between leader and followers.

Institutionalization

The process by which practices and activities become established norms or standards within an organization or society.