Examlex
Which of the following organization forms earns the most revenue?
Price Fixing
An illegal practice where businesses agree on the prices of their products or services, instead of letting market forces determine them.
Odd Pricing
A pricing strategy that sets prices at figures ending in odd numbers, like $4.99, under the belief that they seem lower to consumers.
Seven-Step Sales Process
A sequence of steps salespeople follow to sell a product, typically including preparation, approach, presentation, handling objections, closing, and follow-up.
Penetration Pricing
A pricing strategy that involves setting lower than normal prices for a new product or service to attract customers away from competitors.
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