Diane Owns a Bakery Where She Sells Cupcakes

question 96

Multiple Choice

Diane owns a bakery where she sells cupcakes.Two blocks down there is another bakery,CC's Bakery,that sells cupcakes for $1 less than Diane.Diane decides to lower her price and match CC's Bakery prices.What type of pricing strategy is Diane implementing?

• A) internal pricing
• B) profit-oriented pricing
• C) competitor-oriented pricing
• D) customer-oriented pricing
• E) sales-oriented pricing

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Definitions:

Independent Self-Starter

An individual who is motivated and able to initiate tasks and projects on their own without needing direct supervision.

Fraudulent Conversion

The unauthorized taking or use of someone else’s property by a person who is in lawful possession of it, amounting to theft.

Exclusive Elements Customer

A strategy or feature in a product or service that is designed to attract a specific segment of customers by offering unique benefits.

Financial Difficulty

A situation where an individual or organization struggles to manage their finances and meet their financial obligations.