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What Are Objectives Behind Pricing,and What Different Considerations Go into Determining

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What are objectives behind pricing,and what different considerations go into determining the price of a product?


Definitions:

Human Behaviour

The range of actions and mannerisms exhibited by humans in conjunction with their environment, social structures, and culture.

Humanist

An individual who adopts a philosophical stance emphasizing the value and agency of human beings, individually and collectively.

Internal Mental Events

The phenomena occurring within an individual's mind, which might not be observable by others, such as thoughts, memories, and feelings.

Cognitive Perspective

An approach in psychology that focuses on the way people think, understand, and perceive the world around them.

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