Firms Such as IKEA and the Home Depot Are Known

question 5

Multiple Choice

Firms such as IKEA and The Home Depot are known for their use of __________ because they set reasonably low prices but still offer high-quality products and adequate customer services.

• A) penetration pricing
• B) market equity pricing
• C) prestige pricing
• D) relational pricing
• E) value-based pricing

---

Definitions:

Hypothalamus

A small, crucial part of the brain involved in multiple functions, including hormone regulation, temperature control, and hunger.

MRI

Magnetic Resonance Imaging, a diagnostic technique that uses magnetic fields and radio waves to produce detailed images of the body's internal structures.

Magnetic Fields

Invisible fields that exert force on substances that are sensitive to magnetism, including ferromagnetic materials and moving electrical charges.

Radio Waves

Electromagnetic waves with wavelengths longer than infrared light, used for communication among various devices, such as radios and televisions.