The Pricing Orientation That Explicitly Invokes the Concept of Value

question 128

Multiple Choice

The pricing orientation that explicitly invokes the concept of value for the users of the product and in which prices are set to match the users' expectations is called:

• A)sales orientation.
• B)customer orientation.
• C)profit orientation.
• D)market share orientation.
• E)competitor orientation.

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Definitions:

Factory Production

The process of manufacturing goods in bulk using machinery and assembly lines, typically within an industrial setting.

Redemptioners

Indentured families or persons who received passage to the New World in exchange for a promise to work off their debt in America.

Indentured German Families

German immigrants who came to America and worked for a fixed number of years in exchange for their passage, often in the 17th and 18th centuries.

Transportation Debt

The accumulated obligations incurred from funding the development, maintenance, and expansion of transportation infrastructure.