A Patek Philippe Sky Moon Tourbillion Men's Wristwatch Is Among

question 204

Multiple Choice

A Patek Philippe Sky Moon Tourbillion men's wristwatch is among the most expensive in the world, costing more than $1.5 million in 2013. This is an example of a __________ strategy.

• A)penetration pricing
• B)target pricing
• C)bundle pricing
• D)loss-leader pricing
• E)prestige pricing

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Definitions:

Emotional Stability

A personality trait reflecting the extent to which a person's mood and emotions remain consistent and stable.

Achievement Orientation

A personal characteristic which involves setting high standards, striving for goals, and seeking fulfillment through accomplishing tasks.

Need For Affiliation

A psychological drive that reflects a person's desire to build and maintain interpersonal relationships, feel a part of groups, and be liked by others.

Managerial Roles

The specific functions or responsibilities assigned to managers in an organization, which often include planning, organizing, leading, and controlling.