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A Manufacturer Using __________ Is Setting a High Price So

question 169

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A manufacturer using __________ is setting a high price so that quality- or status-conscious consumers will be attracted to the product and buy it.


Definitions:

Trade Secrets

Information that companies keep secret to give them an advantage over their competitors.

Copyright

Copyright is a legal term describing rights given to creators for their original works, including the exclusive right to reproduce, distribute, and adapt the creation.

Rivals Imitate

The process by which companies mimic the strategies, products, or practices of their competitors.

Originator's Profits

The earnings generated by the creator or initial producer of a product or service, typically before any secondary market involvement.

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