The Three Primary Bases for Developing Prices Are

question 108

Multiple Choice

The three primary bases for developing prices are

• A) profit, demand, and competition.
• B) supply, demand, and marketing objectives.
• C) demand, competition, and cost.
• D) markup, cost, and cost-plus.
• E) negotiation, periodicity, and randomness.

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Definitions:

Intellectual Stimulation

The encouragement of creativity and critical thinking in others to inspire innovation.

Individualized Consideration

An aspect of transformational leadership where leaders attend to the needs of each follower, acting as a mentor or coach to the follower and listening to the follower's concerns and needs.

Idealized Influence

A leadership trait where the leader serves as a strong role model, gaining admiration, trust, and respect from followers, who emulate the leader's values and behaviors.

Transformational Leadership

A style of leadership where the leader works with teams to identify needed change, creating a vision to guide the change through inspiration, and executing the change in tandem with committed members of the group.