The Manager at Target Puts a Sign Up Next to a Samsung

question 56

Multiple Choice

The manager at Target puts a sign up next to a Samsung audio system that reads, "Only $299.99! $60 less than at Best Buy." This is an example of what type of pricing strategy?

• A) Random discounting
• B) Periodic discounting
• C) Comparison discounting
• D) Penetration pricing
• E) Everyday low prices

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Definitions:

Skill-Based Pay

A compensation system that rewards employees for the skills and knowledge they acquire and are able to apply in their jobs, rather than for their job title or position alone.

Blue-Collar Workers

Blue-collar workers are individuals engaged in manual labor or skilled trades, often involving physical work in industries such as manufacturing, construction, and maintenance.

U.S. Organizations

Organizations that are based or operate primarily within the United States, governed by U.S. laws and regulations.

Skill-Based Pay

Skill-based pay is a compensation system where an employee’s pay is determined by their skills and knowledge, rather than their job title or position.