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Scenario 12.3 Use the following to answer the questions.
Suppose that Ray-Ban is considering a new line of sunglasses that would be sold in major department stores. The new line would be positioned as a more distinctive brand than the typical glasses sold through department stores, and would be priced higher than other brands in the store, but a lower price line than the current Ray-Ban lines that are sold through more selective stores. In determining the price for this sunglass line, Ray-Ban wants to gather information about all brands sold in department stores and about customers' perceptions of those brands.
Refer to Scenario 12.3. Ray-Ban has decided to promote the new sunglass line as an "affordable luxury" and plans significant promotional expenditures. With these objectives, which of the following should Ray-Ban use to price its product line?
Decibel
A unit of measurement used to express the intensity of sound, with each ten-decibel increase representing a tenfold increase in sound intensity.
Snail-Shaped Tube
Refers to the cochlea in the inner ear, which plays a key role in the process of hearing by converting sound waves into neural signals.
Vestibular Sacs
Part of the inner ear involved in balance, specifically in detecting changes in the position of the head with respect to gravity.
Semicircular Canals
Structures within the inner ear that are key components of the vestibular system, helping to maintain balance by responding to rotational movements.
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