Loews Utilizes a Pricing Strategy of Maintaining Continuous Low Prices

question 126

Multiple Choice

Loews utilizes a pricing strategy of maintaining continuous low prices rather than relying on sales.This strategy is an example of ________.

• A)skimming pricing
• B)psychological pricing
• C)everyday low pricing
• D)penetration pricing

---

Definitions:

House Money

Refers to the concept of playing with the profits from previous bets rather than one's own capital.

Irrational Behavior

Actions or decisions that are not based on logical reasoning, sound judgment, or align with standard economic theories or expectations.

Regret Aversion

A behavior in decision-making where individuals or entities tend to avoid actions that could potentially lead to regret in the future.

Sentiment-based Risk

The risk of making investment decisions based on market sentiment rather than fundamental analysis.