Ochre IncHad Marked Its Refrigerators at $729

question 102

Multiple Choice

Ochre Inc.had marked its refrigerators at $729.94 as the original price.This was close to the standard price for refrigerators of the same quality in the market.Later, the price is brought down to $650.99.A customer compares Ochre's marked-down price with the original price and perceives an increased value.This is an example of:

• A)everyday low pricing.
• B)external reference price.
• C)high/low pricing.
• D)market penetration pricing.
• E)price skimming.

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Definitions:

Gender Identity

An individual's personal sense of their own gender, which may or may not correspond with the sex assigned at birth.

Biological Sex Organs

Physical structures of living organisms that determine their sex and are involved in the reproductive process.

Economic System

The structure and means by which a society or nation organizes and allocates resources, goods, and services.

Social Control

Mechanisms, strategies, and structures within a society used to regulate individual behaviors and maintain social order.