Business Ethics

question 55

Multiple Choice

Business ethics:

• A)should be variable from company to company
• B)can and should be taught by universities and corporations
• C)are only important to 90 percent of salespeople
• D)are taught during childhood and cannot be changed significantly later on
• E)have changed in meaning over the past twenty years

---

Definitions:

Price Signaling

The practice of setting prices to convey information to the market, such as the quality of a product, or to influence competitors' pricing strategies.

Discount Tire

A retail brand specializing in the sale of tires and automotive services at discounted prices.

Pricing Objective

A goal that guides a business in setting the price of its products or services, often aimed at maximizing profitability, market share, or other metrics.

Market Skimming

A pricing strategy that involves setting high prices initially to target early adopters and then gradually lowering the price to attract more price-sensitive customers.