As the Sugar Price Has Gone Up,a Good Portion of the Profit

question 39

Multiple Choice

As the sugar price has gone up,a good portion of the profit margin of a candy bar has been preserved by simply reducing the size of the bar.The candy manufacturers are utilizing the principle of ____________.

• A) Price fixing
• B) Price discrimination
• C) Deceptive pricing
• D) Just noticeable difference (JND)
• E) Predatory pricing

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Definitions:

Bureaucratic Organization

A structure characterized by strict procedures, a hierarchy of authority, and a clear division of labor.

Individual Productivity

The rate or efficiency at which an individual can complete tasks and achieve goals.

Maslow's Hierarchy

A theory of human motivation proposed by Abraham Maslow, which is often depicted as a pyramid with five levels of needs, from basic physiological needs to self-actualization at the top.

Human Relations Movement

A management approach emphasizing the importance of social dynamics, employee welfare, and the human needs in the workplace for enhancing productivity.