When Products Cannot Be Easily Differentiated

question 81

Multiple Choice

When products cannot be easily differentiated:

• A)there is little room for price variations from the competition.
• B)a skimming price strategy is appropriate.
• C)a higher price can be charged.
• D)the lowest possible price must be chargeD.

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Definitions:

Simple Organized Pattern

A basic and structured arrangement or sequence of elements or actions.

Behavior

Actions and responses of an individual, group, or system, which can be observed and measured.

Adjusting

The process of adapting or becoming accustomed to a new situation or environment.

Piagetian Terms

Concepts and terminology associated with the cognitive developmental theory of Swiss psychologist Jean Piaget, which focuses on how children's thinking evolves over time.