Which Pricing Strategy Encourages the Customer to Expand His/her Dealings

question 2

Multiple Choice

Which pricing strategy encourages the customer to expand his/her dealings with the service provider?

• A)relationship pricing
• B)efficiency pricing
• C)benefit-driven pricing
• D)flat-rate pricing
• E)aggregate pricing

---

Definitions:

Type II Error

The error that occurs when a statistical test fails to reject a false null hypothesis; also known as a false negative.

Statistical Process Control

A method used in manufacturing and business processes to ensure that processes operate at their full potential.

Assignable Cause Variation

Variation in a process that is caused by identifiable factors, often signaling issues that need addressing to improve process performance.

P Chart

A kind of chart utilized to track the percentage of faulty products in a process across a duration.