Pricing Strategy for Its Post-It^® Flag Highlighters Was as Follows

question 242

Multiple Choice

pricing strategy for its Post-it^® Flag Highlighters was as follows:

• A) match its principal competitors' highlighters' prices.
• B) charge $3.99 to $4.99 for a single Post-it Flag Highlighter or $5.99 to $7.99 for a three-pack, which would give a reasonable bookstore price to students and an acceptable profit to distributors and 3M.
• C) set an initially low price with the intent of bringing down the price even further later if sales were less than anticipated.
• D) make the product easier to purchase by placing the Post-it^® Flag Highlighter in discount office supply retailers.
• E) use the same pricing strategy as its 3M's Post-it^® Flag and Post-it^® Note offerings.

Understand the concepts related to ethical decision-making and solving ethical dilemmas in social work.

Recognize the importance of maintaining the integrity and accountability of the social work profession through ethical conduct.

Understand the significance of professional competence and continuous learning.

Identify correct uses of technology and digital communication in social work practice following ethical guidelines.

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Definitions:

Gini Coefficient

A measure of income inequality within a population, ranging from 0 (perfect equality) to 1 (perfect inequality).

Purchasing Power Parity

Purchasing Power Parity is an economic theory that compares different countries' currencies through a "basket of goods" approach, suggesting that exchange rates should adjust so that identical goods cost the same in different countries.

Market-based Economy

An economic system where decisions regarding investment, production, and distribution are guided by the price signals created by the forces of supply and demand.

Personal Wealth

The total value of all financial and non-financial assets owned by an individual minus any outstanding liabilities.