The Approach, or Pricing Strategy, a Company Uses to Get

question 65

Multiple Choice

The approach, or pricing strategy, a company uses to get paid for the value it delivers through its business model is called the ___________.

• A)cost model
• B)customization model
• C)differentiation model
• D)revenue model

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Definitions:

Active Listening

The process of fully concentrating, understanding, responding, and then remembering what is being said in a conversation.

Scientific Management

A management theory that applies scientific methods and principles to optimize work and enhance productivity, developed by Frederick W. Taylor.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often leading to prejudice and discrimination against people of other groups.

Information Filtering

The process of screening, selecting, and presenting information in a way that selectively reduces the volume of information available.