Setting a Price Relatively High Compared to Similar Goods and Then

question 51

Multiple Choice

Setting a price relatively high compared to similar goods and then gradually lowering it is a pricing strategy called _____ pricing.

• A)penetration
• B)skimming
• C)cost-based
• D)psychological

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Definitions:

Social Roles

The expected behaviors, duties, and responsibilities assigned to individuals based on their position in society.

Illnesses

Conditions that affect the health and well-being of individuals, often causing symptoms or suffering that require medical attention or care.

Sick Role

A sociological concept describing the expectations of an individual who is ill and the societal expectations for how that person should behave.

Functionalism

A theoretical perspective that views society as a complex system whose parts work together to promote solidarity and stability.