Internet Technologies Can Provide Consumers with Easier Access to Pricing

question 39

Multiple Choice

Internet technologies can provide consumers with easier access to pricing information,which increases their bargaining power.To remain competitive and profitable,sellers need smarter pricing strategies,which include all of the following strategies except:

• A)greater precision in setting prices
• B)more adaptability in changing prices
• C)new ways of customer segmentation for differentiated pricing
• D)reducing prices

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Definitions:

Intermittent Reinforcement

A conditioning schedule where a response is only sometimes reinforced, leading to more resistant and persistent behavior patterns.

Resistance to Extinction

The persistence of a learned behavior even after reinforcement is no longer given.

Delayed Reinforcement

A method in behavior psychology where a reward or punishment is given some time after the desired or undesired behavior, which can impact the effectiveness of the reinforcement.

Whistle-blowers

Individuals who expose wrongful, unethical, or illegal activities occurring within an organization to the public or to those in positions of authority.