The ________ Pricing Strategy Maintains Low Prices and Avoids the Use

question 152

Multiple Choice

The ________ pricing strategy maintains low prices and avoids the use of special sales.

• A) everyday low pricing (EDLP)
• B) cost-based
• C) target-based
• D) skimming

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Definitions:

Negative Punishment

A behavior modification technique where a desirable stimulus is removed following a behavior, with the intention of decreasing that behavior.

Positive Punishment

Adding an undesirable stimulus to decrease a behavior, such as giving extra chores to reduce instances of lying.

Stimulus Discrimination

The learned ability to differentiate between similar stimuli and respond appropriately to each.

Stimulus Generalization

A psychological phenomenon where a response to a specific stimulus is elicited by similar stimuli, often studied in the context of learning and behavior.