Which of the Following Statements Regarding Odd-Even Pricing Is Most

question 266

Multiple Choice

Which of the following statements regarding odd-even pricing is most accurate?

• A) Odd-even pricing is designed to give the consumer a better set of pricing alternatives.
• B) Odd-even pricing can be used in conjunction with a skimming strategy, but should not be used with a penetration strategy.
• C) Odd-even pricing does not work if the product is healthcare-related.
• D) Overuse of odd-ending prices tends to mute its effect on demand.
• E) Odd-ending prices are best used with large ticket items; it loses its effectiveness with moderate- to low-ticket items.

Recognize the ethical issues companies face when operating globally and form an opinion on how these challenges can be addressed.

Describe strategies for maintaining high ethical standards within organizations.

Understand the four dimensions of justice in organizations and apply them through examples.

Distinguish between instrumental and terminal values and their relevance in a business setting.

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Definitions:

Working Poor

Poorly educated manual and service workers who may work full-time but remain near or below the poverty line; they constitute about 13 percent of the U.S. population.

Systems of Slavery

Organized practices where individuals are owned by others, deprived of personal freedom, and exploited for labor or services.

Enslaved People

Individuals forced into servitude without personal freedom or rights.

Racial

Relating to the categorization of humans into groups based on physical traits, ancestry, genetics, or social relations.