As Indicated by Maslow's Need Hierarchy,people May Respond Favorably to

question 63

Multiple Choice

As indicated by Maslow's need hierarchy,people may respond favorably to

• A)persuasive appeals that focus on promises of best price and the need to find a bargain.
• B)persuasive appeals that show the need of the seller.
• C)persuasive appeals that fulfill social, ego, and self-actualization needs.
• D)both b and c.

Grasp how companies set prices to achieve a target profit or sales volume.

Understand various pricing policies and their application in different market contexts.

Comprehend the concept and implications of fixed and dynamic pricing strategies.

Recognize loss-leader pricing and its strategic use to attract customer attention.

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Definitions:

Selling Organs

The act of trading human organs, such as kidneys or livers, for money or other benefits, often considered unethical or illegal in many jurisdictions.

Market Approach

A strategy or philosophy that emphasizes free-market competition and consumer choice as the best way to allocate resources, promote efficiency, and foster innovation and economic growth.

Rights

Entitlements or privileges granted to individuals, typically by law or social agreement, which are considered fundamental to human dignity and social functioning.

Annas

George J. Annas, an influential figure in bioethics, known for advocating human rights in healthcare and medical ethics.