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

question 13

Multiple Choice

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

• A) places a high priority on foreign business.
• B) sets prices to achieve specific objectives such as targeted return on profit.
• C) views export sales as active contributions to sales volume.
• D) views domestic sales as an insignificant source of revenue.
• E) exports only excess inventory.

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Definitions:

Mental Task

An activity that requires cognitive effort and mental processing.

Reward Centers

Areas in the brain associated with the experience of pleasure, heavily involved in motivation, desire, and addiction.

Limbic System

A complex system of nerves and networks in the brain, responsible for instinct and mood, controlling the basic emotions (fear, pleasure, anger) and drives (hunger, sex, dominance, care of offspring).

Addictive Disorders

A range of psychological conditions characterized by a compulsive engagement in rewarding stimuli despite adverse consequences.