Companies Price Their Products in a Number of Ways

question 8

Multiple Choice

Companies price their products in a number of ways. Small companies prices are set by the boss, in larger companies, pricing is handled by division and product-line managers. In industries where price is a key factor, companies often establish a ________ department reporting to other internal departments.

• A) financial
• B) marketing
• C) pricing
• D) sales
• E) distribution

---

Definitions:

Overnight Trips

Short travel or journeys that involve staying away from home for one night, often for business or leisure purposes.

Criterion

A standard, rule, or test by which something can be judged or measured, often used in decision-making or evaluation processes.

Core Principles

Fundamental beliefs or values that serve as the foundation for behavior, decision-making, and actions within an organization or individual's life.

Professional Selling

The process and activities required to effectively develop, manage, enable, and execute a mutually beneficial, interpersonal exchange of goods and/or services for equitable value.