Michael Jones Owns a Web Design Firm

question 24

Multiple Choice

Michael Jones owns a Web design firm. The way Michael prices his products is to determine what consumers are willing to pay, and then he backs off a bit to provide a cushion. The method that Michael used to determine his prices is called:

• A) predatory pricing
• B) technical pricing
• C) cost-based pricing
• D) competitive-based pricing
• E) value-based pricing

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Definitions:

Female Rape Victims

Women who have been subjected to rape, experiencing profound psychological and physical trauma as a result.

Percentage

A mathematical term representing a number or ratio expressed as a fraction of 100, used to define quantities relative to a whole.

United States

A country located in North America consisting of 50 states and a federal district, known for its diverse geography, culture, and significant influence in world affairs.

Wildfire

An uncontrolled fire spreading through vegetation in rural and wilderness areas, often exacerbated by dry conditions and strong winds.