The Strategic Decision Designed to Build Long-Run Relationships with Customers

question 12

Multiple Choice

The strategic decision designed to build long-run relationships with customers based on stable and predictable prices is ________.

• A)mid-run pricing
• B)cost-run pricing
• C)some-run pricing
• D)short-run pricing
• E)long-run pricing

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Definitions:

Absolutism

A political theory granting unlimited power to the ruler, often associated with monarchies where the monarch's authority is not restricted by laws or opposition.

Theory Of Business Ethics

An examination of moral principles and problems that arise in a business environment.

Ethics Of Care

A philosophy that emphasizes the importance of caring for and maintaining relationships with others as a moral obligation.

Moral Hierarchies

The ranking of actions, individuals, or ideas on a scale of moral goodness or ethical superiority.