Which of the Following Represents a Pricing Strategy That Establishes

question 319

Multiple Choice

Which of the following represents a pricing strategy that establishes a low price in hopes of attracting a great number of customers and attempts to discourage competitors?

• A)penetration strategy
• B)odd-even pricing strategy
• C)skimming strategy
• D)price lining strategy

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Definitions:

Conventional Level

A stage in Kohlberg's theory of moral development where moral reasoning is based on conformity to societal standards and laws.

Moral Thinking

The process of determining right from wrong, making ethical decisions based on principles of fairness, justice, and societal norms.

Nonconventional

Refers to methods, ideas, or practices that do not conform to the accepted or traditional standards.

Postconventional

A level of moral reasoning in Kohlberg's theory, characterized by an understanding that morals and ethics are guided by universal principles and internal belief systems rather than societal or authority-based rules.