A Consumer's Near-Instantaneous Access to Competitor's Prices for the Same

question 38

Multiple Choice

A consumer's near-instantaneous access to competitor's prices for the same offering is referred to as

• A)dynamic pricing.
• B)customer value pricing.
• C)price transparency.
• D)value-added pricing.
• E)mobile media pricing.

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Definitions:

Negative Reinforcement

A form of operant conditioning where a response is strengthened by stopping, removing, or avoiding a negative outcome or aversive stimulus.

Internal Revenue Service

The Internal Revenue Service (IRS) is a U.S. government agency responsible for the collection of taxes and enforcement of tax laws.

Penalty

A punishment imposed for violating a rule, law, or agreement.

Negative Reinforcement

A process in operant conditioning where a response is strengthened by stopping, removing, or avoiding a negative outcome or aversive stimulus.