Because Market and Operating Conditions Are Different in Each Target

question 94

Multiple Choice

Because market and operating conditions are different in each target market

• A) all consumers will react similarly to the firm's pricing strategy.
• B) the choice of a pricing strategy is specific to the target market.
• C) prices need to be held constant because everything else is changing.
• D) only horizontal price fixing should be used.
• E) external reference prices will always be the best strategy.

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Definitions:

Language-Acquisition Device

The language-acquisition device is a hypothetical mechanism proposed by Noam Chomsky that the human brain is equipped with, facilitating the learning of language.

Universal Grammar

A similar underlying structure shared by all the world’s languages, according to linguist Noam Chomsky.

Noam Chomsky

An influential thinker in linguistics and cognitive science, known for his theory of generative grammar and critique of behaviorism.

Linguistic-Relativity Hypothesis

A theory suggesting that language influences and shapes our cognitive abilities and the way we perceive and understand the world.