If Demand-Oriented Pricing Specifies the Maximum Price Consumers Will Pay

question 86

Multiple Choice

If demand-oriented pricing specifies the maximum price consumers will pay for a good or service,then cost-oriented pricing sets _____.

• A)prestige pricing
• B)seasonal pricing
• C)psychological pricing
• D)the price floor

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Definitions:

Human Character

The mental and moral qualities distinctive to an individual; the collective traits and behaviors that make up an individual's personality.

Universal Virtues

Universal virtues refer to qualities considered good, valuable, and desirable across almost all cultures and societies.

Basic Needs

Fundamental requirements that serve as the foundation for survival, including water, food, shelter, and safety.

Self-determination

A psychological concept suggesting that individuals have innate needs for autonomy, competence, and relatedness, which when fulfilled, can lead to enhanced motivation and wellbeing.