You Have Entered into a Discussion with a Fellow Classmate

question 9

Multiple Choice

You have entered into a discussion with a fellow classmate regarding strategic approaches to pricing. She feels that premium pricing is unfair as it sets prices higher than necessary and is disadvantageous to consumers. Based on what you have read in the text, your response is:

• A) to agree: premium pricing is unfair since it takes advantage of unsuspecting consumers
• B) to disagree: premium pricing is fair provided that the customer receives the appropriate benefits
• C) to agree: not only is premium pricing unfair to consumers, it also hurts smaller retailers who cannot risk charging such high prices
• D) to disagree: if the government allows such pricing strategies to exist, it must be fair and acceptable

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Definitions:

Obsessive Thoughts

Intrusive and unwanted thoughts that persistently occupy the mind, often associated with anxiety disorders such as OCD.

Positive or Negative

Terms used to describe the nature of various phenomena, indicating whether they are beneficial or harmful, or in the case of feedback, whether they reinforce or inhibit a response.

DSM

The Diagnostic and Statistical Manual of Mental Disorders, a handbook used by healthcare professionals as the authoritative guide to the diagnosis of mental disorders.

Diagnose Mental Disorders

The process of identifying and classifying mental health conditions based on symptoms and behaviors.