Diane Owns a Bakery Where She Sells Cupcakes

question 96

Multiple Choice

Diane owns a bakery where she sells cupcakes.Two blocks down there is another bakery,CC's Bakery,that sells cupcakes for $1 less than Diane.Diane decides to lower her price and match CC's Bakery prices.What type of pricing strategy is Diane implementing?

• A) internal pricing
• B) profit-oriented pricing
• C) competitor-oriented pricing
• D) customer-oriented pricing
• E) sales-oriented pricing

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Definitions:

Merit Pay

A compensation approach where employees receive pay increases based on their performance assessments.

Problem Solving Sequence

A step-by-step process used to identify, analyze, and solve problems or challenges systematically.

Effective Teams

Groups of individuals working collaboratively towards a common goal, characterized by clear roles, mutual respect, and high levels of coordination and communication.

Operational Nature

Describes the practical, functional aspects of something, focusing on how it works or operates.