When Pricing Products,it Is Important to Remember That

question 140

Multiple Choice

When pricing products,it is important to remember that:

• A)there is an ideal price that customers will pay for a given product or service.
• B)once the acceptable price range is found,prices should not be changed again.
• C)pricing is more an intuitive than a quantitative process.
• D)a customer orientation in price setting is most important.

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Definitions:

Precontemplation And Contemplation

Stages in the Transtheoretical Model of Change indicating someone’s readiness for change; precontemplation is not considering change, contemplation is considering change but not yet ready to act.

Characteristics Of Clients

Refer to the distinguishing traits, features, or attributes that define individuals or groups receiving services from professionals such as social workers or counselors.

Stages Of Change

A model outlining the phases individuals typically go through when modifying behavior, from precontemplation to maintenance.

Initial Discussions

The first conversations or exchanges about a topic or issue, setting the groundwork for future deliberations.