Setting a High Price So That Quality- or Status-Conscious Consumers

question 296

Multiple Choice

Setting a high price so that quality- or status-conscious consumers will be attracted to the product and buy it is referred to as

• A) skimming pricing.
• B) status pricing.
• C) price lining.
• D) value pricing.
• E) prestige pricing.

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Definitions:

Human Resource Planning

The process by which an organization ensures it has the right number and kind of people, at the right place and time, capable of effectively and efficiently completing tasks that help the organization achieve its overall objectives.

Recruitment

Is a set of activities designed to attract a qualified pool of job applicants.

Quality Workforce

A quality workforce is composed of skilled and competent individuals who collectively contribute to the organization's goals and success.

Employment Discrimination

Unfair or biased treatment of employees or job applicants based on race, gender, age, religion, disability, or other protected characteristics.