If a Company's Goal Is to Develop an Image of Having

question 28

Multiple Choice

If a company's goal is to develop an image of having very high-quality luxury products,it should employ a

• A) penetration pricing strategy.
• B) price skimming strategy.
• C) psychological pricing strategy.
• D) prestige pricing strategy.
• E) rational pricing strategy.

---

Definitions:

Urie Bronfenbrenner

Pioneered the ecological systems theory to explain how a child's environment affects their development.

Critical Period

A specific time during an organism's development when it is particularly sensitive to certain environmental stimuli, which can have irreversible effects on future development.

Ethological Theory

A perspective in developmental psychology that emphasizes the biological and evolutionary basis of behavior and how behavior evolves to satisfy the needs of the organism.

Ecological Theory

A framework for understanding the complex interrelations between organisms and their environment, emphasizing reciprocal influences.