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Varying a Product's Price According to the Supply Situation of the Seller

question 85

Multiple Choice

Varying a product's price according to the supply situation of the seller is called ________ pricing.


Definitions:

Benefits

Advantages or positive outcomes that result from a product, service, or action.

Needs Assessment

A process to identify and evaluate needs within a group or organization to determine necessary actions or solutions.

Stimulus-response Model

A communication or behavioral theory suggesting that an external stimulus can elicit a particular response from an individual or audience.

Sales Presentation

A promotional talk or demonstration given to introduce or describe a product or service to potential buyers, aiming to persuade them to make a purchase.

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