What Legal and Ethical Pricing Issues Need to Be Considered

question 18

Essay

What legal and ethical pricing issues need to be considered when retailers set their prices?

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Definitions:

Philosophy

The study of fundamental questions about existence, knowledge, values, reason, mind, and language.

Customer Service

The assistance and support provided by a company to the people who use or buy its products or services.

Relationship Management

The strategy of maintaining a positive and productive relationship with business partners, clients, or customers, often through proactive communication and problem-solving.

Customer Satisfaction

A measure of how products or services supplied by a company meet or surpass customer expectation.