Update, a Weekly, Ran a Pricing Experiment That Involved Setting

question 2

Multiple Choice

Update, a weekly, ran a pricing experiment that involved setting different prices for its magazine in different cities and counting the number of units sold.After adjusting for factors such as the population of the different cities, Update was able to plot these prices and units to result in a(n) _____.

• A)target return curve
• B)demand curve
• C)unit volume curve
• D)consumer tastes curve

---

Definitions:

Cultural Differences

Variations in the norms, values, beliefs, and practices among different cultural groups, affecting interactions and understandings.

Dysfunctional Conflict

Conflict that impedes organizational performance, diminishes productivity, and creates a negative work environment.

Approach-Approach

A conflict situation where an individual must choose between two appealing options or outcomes.

Cross-Functional Teams

Teams composed of members from different departments or areas of expertise working together towards a common goal.