Setting Prices for Customers Can Be Very Complex

question 43

Multiple Choice

Setting prices for customers can be very complex.SAP helps by offering a control mechanism,called ____,to determine how much to charge a given customer for a given product.

• A) Pricing Variance
• B) Price Fixing
• C) Condition Technique
• D) Fluctuation

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Definitions:

Concept

A mental representation or idea of objects, events, or relations, which underpins human knowledge and understanding.

Exemplar View

The exemplar view is a theory of categorization positing that categories are represented by actual category members rather than by an abstract prototype.

Prototype

A standard or typical example that embodies the most common features of a particular category or concept.

Schemata

Cognitive structures that organize knowledge and guide information processing.