Jean Claude Has Just Completed a New Line of Designer

question 74

Multiple Choice

Jean Claude has just completed a new line of designer handbags.He wants the price to communicate to the customer that the handbags are high quality,so he sets it high.He knows that after this season,the price will lower.Jean Claude is using _______________.

• A)Penetration pricing
• B)Price skimming
• C)Target ROI
• D)Competitor-based pricing
• E)Value pricing

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Definitions:

Managing by Exception

A management strategy where leaders only intervene in operations when performance metrics fall outside of pre-set acceptable ranges.

Organization Charts

Visual diagrams that depict the internal structure of an organization, including the relationships and relative ranks of its parts and positions.

Chain of Command

A system that establishes authority and accountability in an organization by assigning each member a specific rank and a clear line of superiors and subordinates.

Task Controls

Mechanisms or procedures set in place to direct, manage, and monitor the completion of tasks.