Practice of Simultaneously Increasing Product and Service Benefits and Maintaining

question 71

Multiple Choice

practice of simultaneously increasing product and service benefits and maintaining or decreasing price is referred to as __________.

• A) value-pricing
• B) customer-value pricing
• C) competitive pricing
• D) cost pricing
• E) demand pricing

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Definitions:

Extraverted

A personality trait characterized by an orientation of one's interests and energies toward the outer world of people and social activities, as opposed to the inner world of thoughts and feelings.

Cohort

A cohort refers to a group of people banded together or treated as a group, especially in a study or research context, often sharing a common characteristic or experience.

Big Five

A theory that identifies five basic dimensions of personality: Openness, Conscientiousness, Extroversion, Agreeableness, and Neuroticism.

Cultures

The shared beliefs, values, customs, behaviors, and artifacts that members of society use to cope with their world and with one another, transmitted from generation to generation.