__________ Strategies Achieve Higher Profits by Charging Higher Prices

question 11

Multiple Choice

__________ strategies achieve higher profits by charging higher prices.

• A)Low cost
• B)Differentiation
• C)Competitive advantage
• D)Generic

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Definitions:

Biological Need

A biological need is a physiological requirement that organisms must meet to maintain health, such as food, water, and shelter.

Secondary Reinforcement

A process in which a neutral stimulus becomes reinforcing through its association with a primary reinforcer.

Fixed-ratio Scheduling

A type of reinforcement schedule in behaviorism where a response is reinforced only after a specified number of responses.

Negative Reinforcement

A behavior modification technique that involves the removal of an unpleasant stimulus to increase the likelihood of a behavior being repeated.