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The changing workforce is one of the emerging trends in organizational behaviour. Describe how the workforce is changing and briefly identify two consequences of these changes for organizations.
Demand-oriented
A pricing strategy where prices are set based on the perceived value to the customer or demand for the product, rather than on the cost of the product or market competition.
Pricing Approach
Strategies and methodologies used by companies to set the selling price of their products or services, taking into account costs, market demand, competition, and profit margins.
Price-setting Process
The method by which a company determines the selling price of its products or services, considering costs, demand, competition, and profitability.
Pricing Strategies
Plans or methods employed by businesses to set, adjust, and present the prices of their products effectively to enhance sales and profitability.
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