When Managers Take Advantage of an Unusual Event by Charging

question 91

Multiple Choice

When managers take advantage of an unusual event by charging prices that consumers believe are too high, they are practicing:

• A) Predatory pricing
• B) Price gouging
• C) Cost-based pricing
• D) Illegal pricing

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Definitions:

Balanced Scorecard

A strategic planning and management system used to align business activities with the organization's vision and strategy by monitoring performance against strategic goals.

Strategic Objectives

The specific goals set by a business or organization to guide its strategy and direction towards achieving its overall mission.

Strategic Initiatives

Strategic initiatives are comprehensive plans designed to achieve key business objectives and enhance the competitive position of an organization. These initiatives often involve cross-functional teams working towards common goals.

Balanced Scorecard

A strategic planning and management system used to align business activities with the vision and strategy of the organization, improving internal and external communications and monitoring performance against strategic goals.