What Is the Smartest Price Strategy

question 50

Multiple Choice

What is the smartest price strategy?

• A) Choose a pricing strategy that communicates your competitive advantage.
• B) Offer the lowest price that you can afford to offer.
• C) Pick a pricing strategy that is different from the competition's strategy.
• D) Change the pricing every quarter.

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Definitions:

Broadbent

Donald Broadbent, a British cognitive psychologist who made significant contributions to the field of attention and information processing.

Central Executive

A component of working memory model that is responsible for directing attention and orchestrating cognitive processes when performing tasks.

Long-term Potentiation

A long-lasting enhancement in signal transmission between two neurons that results from stimulating them simultaneously, associated with learning and memory.

Baseball Game

is a competitive sport involving two teams, each trying to score runs by hitting a ball and running around a series of bases, played on a field.