When CarMax Promises a "No-Haggle" Pricing Structure,it Exhibits _________ Because

question 113

Multiple Choice

When CarMax promises a "no-haggle" pricing structure,it exhibits _________ because it provides additional value to potential used car buyers by making the process simple and easy.

• A) a customer orientation
• B) a status-quo pricing structure
• C) competitive parity
• D) a competitor orientation
• E) consumer parity

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Definitions:

Checks

Financial instruments that instruct a bank to pay a specific amount of money from the writer's account to the person or entity in whose name the check has been issued.

Drawer

The party that writes an order, or the person who writes a check.

Payee

The party that receives the benefit of an order (check, etc.).

Drawee

The party that must obey an order. In the context of banking, the drawee is the bank that must pay the funds ordered by a customer’s check.