Regarding Pricing

question 3

Multiple Choice

Regarding pricing:

• A) the use of prestige and psychological pricing shows that most retailers do not consider demand when setting prices.
• B) bait pricing tries to attract customers on the high end of a demand curve.
• C) the FTC considers bait pricing a deceptive act and has banned its use in interstate commerce.
• D) leader-priced items are priced very low to get customers into the store-not to sell these items.
• E) All of these alternatives are correct.

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Definitions:

Training

The process of enhancing the knowledge, skills, and abilities of employees through educational programs and activities to improve their performance.

Job-related Skills

The specific abilities and knowledge required to perform the duties and tasks of a particular job effectively.

Activities

Actions or tasks undertaken by individuals, often as part of a larger project or program.

Mentoring

is a developmental partnership where a more experienced or knowledgeable person helps to guide a less experienced or knowledgeable person.