Value Pricing Is Not a Matter of Simply Setting Lower

question 120

Multiple Choice

Value pricing is not a matter of simply setting lower prices; it is a matter of reengineering the company's operations to become a low-cost producer without sacrificing quality; and lowering prices significantly to attract a large number of ________ customers.

• A) price-orientated
• B) image-oriented customers
• C) expert customers
• D) product-orientated customers
• E) value-conscious

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Definitions:

Client-end Database

A Client-end Database is a database that resides on the client side of a client-server architecture, allowing for data storage and management on the user's device.

Split Database

A database architecture that divides the database into two parts: a front-end that contains forms, reports, and application logic, and a back-end that stores the data, enhancing security and performance.

Improve Performance

The act of making adjustments or changes to enhance the efficiency and speed of a system or process.

Back-end Database

A back-end database is a database that is designed to run in the background, typically on a server, to store, manage, and facilitate access to data for front-end applications.