Many E-Tailers, Such as EBay and Priceline, Use ________ Pricing

question 129

Multiple Choice

Many e-tailers, such as eBay and Priceline, use ________ pricing.

• A) penetration
• B) skimming
• C) dynamic
• D) psychological
• E) odd-even

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Definitions:

Brand Loyalty

The tendency of consumers to continuously purchase one brand's products over its competitors due to their loyalty or preference for that brand.

Customer Complaints

Refers to the expressions of dissatisfaction by a customer to a responsible party regarding a product or service.

Brand Recognition

The ability of consumers to identify a brand by its attributes, such as logos, jingles, packaging, etc., which distinguishes it from competitor brands.

Order Cycle

The complete process or timeframe from the moment an order is placed until it is delivered, including order processing, manufacturing, and shipping stages.