Which of the Following Pricing Approaches Should Be Used by a Profit-Oriented

question 168

Multiple Choice

Which of the following pricing approaches should be used by a profit-oriented retailer if its demand curve is down-sloping to the right for a while-but then actually bends back to the left at lower prices?

• A) Psychological pricing
• B) Prestige pricing
• C) Average-cost pricing
• D) Bait pricing
• E) Penetration pricing

Describe the tools and strategies used in mobile marketing.

Acknowledge the challenges and opportunities presented by blogs for businesses.

Understand the functionality and importance of media sharing sites in marketing.

Grasp the concept and application of viral marketing.

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Definitions:

Defence Mechanisms

Psychological strategies used unconsciously to protect oneself from anxiety arising from unacceptable thoughts or feelings.

Hatred

An intense dislike or ill will towards a person, group, or object, often characterized by hostility.

Repression

A defense mechanism where undesirable thoughts, memories, or desires are unconsciously blocked from conscious awareness.

Distressing Thoughts

Intrusive and upsetting thoughts that can cause significant emotional discomfort or anxiety.