A Company That Views Pricing as a Static Element in a Business

question 41

Multiple Choice

A company that views pricing as a static element in a business decision:

• A) places a high priority on foreign business.
• B) sets prices to achieve specific objectives such as targeted return on profit.
• C) customizes its products for the foreign market.
• D) views domestic sales as an insignificant source of revenue.
• E) exports only excess inventory.

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Definitions:

Innate

Qualities or abilities that are inherent and naturally present in an individual from birth, not acquired through learning or experience.

Conscious Perception

The awareness and interpretation of sensory stimuli while one is awake and aware.

Unconscious Psychic Energy

A concept in psychoanalytic theory referring to the underlying energy that powers human drives and desires, often outside of conscious awareness.

Person-Centered Therapy

Rogers’s approach to therapy in which the client (not the “patient”) is assumed to be responsible for changing his or her personality.