Match Each Item with the Correct Statement Below

question 212

Multiple Choice

Match each item with the correct statement below.
-The amount a consumer actually pays for a product is called _____.

• A)competitive bidding
• B)penetration pricing strategy
• C)list price
• D)trade discount
• E)price flexibility
• F)promotional pricing
• G)loss leader
• H)cannibalization
• I)bundle pricing
• J)odd pricing
• K)transfer price
• L)profit center
• M)skimming pricing strategy
• N)competitive pricing strategy
• O)pricing policy
• P)market price
• Q)noncumulative quantity discount
• R)step out
• S)bot
• T)cash discount

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Definitions:

Crescive Norms

Unwritten rules that are discovered through interaction with a culture or society, influencing behavior and expectations.

Enacted Norms

Socially accepted behaviors or standards that are established through action and practice within a group or society.

Social Structure

The organized pattern of social relationships and social institutions that together compose society.

North American Market

Refers to the economic and consumer markets in North America, typically encompassing the United States, Canada, and Mexico.