A Pricing Technique That Sets Different Prices on the Same

question 108

Multiple Choice

A pricing technique that sets different prices on the same products and services for different customers using the information that a company collects about its customers is called ________.

• A)market penetration
• B)customized or dynamic pricing
• C)predatory pricing
• D)price skimming

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Definitions:

Conceptual Skill

The ability to understand complex ideas and conceptualize how they can be applied to solve real-world problems.

Strategic Thinking

The process of planning for the future by analyzing current situations, predicting outcomes, and devising plans to achieve long-term objectives.

Selling Tools

Various methods, techniques, software, and materials used by salespeople to enhance the buying process and increase sales.

Deadly Sins

Typically refers to the major faults or mistakes in various contexts that can lead to failure or adverse outcomes.