An Effective Strategy to Overcome the Price Objection Is to Use

question 45

Multiple Choice

An effective strategy to overcome the price objection is to use the __________ approach.

• A)question
• B)feel-felt-found
• C)direct denial
• D)indirect denial
• E)stall

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Definitions:

Social Surroundings

The societal and cultural factors that influence individuals' behavior, preferences, and interactions within a community or society.

Physical Surroundings

The environmental factors or conditions in a specific location that can affect individuals' behaviors, experiences, and interactions.

Market Leader

A company that has the largest market share in a given industry, dominating the competition in terms of sales, innovation, or brand recognition.

Low-involvement Product

A product that requires minimal thought and effort from the consumer prior to and during purchase.