Prestige Pricing Is Considered to Be a ________ Approach to Pricing

question 52

Multiple Choice

Prestige pricing is considered to be a ________ approach to pricing.

• A) demand-oriented
• B) cost-oriented
• C) profit-oriented
• D) competition-oriented
• E) service-oriented

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Definitions:

Efficient Use

The practice of using resources in a way that maximizes productivity while minimizing waste.

Objectives

Specific, measurable goals that are aimed to be achieved within a certain timeframe.

Strategy Plan

A comprehensive plan that outlines an organization's direction, objectives, and the actions required to achieve these objectives.

Corporate Culture

The collective values, beliefs, attitudes, and behaviors that characterize an organization and influence its members.