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Consumers Buy Candy Bars,snacks,and Soda Pop from Vending Machines

question 65

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Consumers buy candy bars,snacks,and soda pop from vending machines.Traditionally,the price of each of these products is about 60 cents.If a marketer charges a significantly higher price for such products dispensed by vending machines,sales are likely to decline.In order to avoid such declines in sales,marketers tend to be very consistent in the price charged for vending machine products.This is an example of marketers employing a _____ strategy.


Definitions:

Relationship

A connection, association, or involvement between two or more parties.

Sociological Term

A sociological term is a word or phrase used to describe concepts, theories, or phenomena that pertain to the study of society, its structures, functions, and dynamics.

Social Position

The rank or status that an individual holds within the social hierarchy, often determined by wealth, occupation, education, and other social factors.

Status Cues

Visual or verbal signals that indicate a person's social standing, wealth, or rank within a society.

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