Price Matching Is a Strategic Move That

question 48

Multiple Choice

Price matching is a strategic move that

• A)seeks to make cheating unprofitable.
• B)must generally be announced publicly in order to have the desired effect.
• C)has no usefulness to managers if a simultaneous pricing decision is going to be made only one time.
• D)both a and b
• E)all of the above

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Definitions:

French And Raven

Refers to social psychologists John R. P. French and Bertram Raven who developed a framework of bases of power, explaining different forms of power and influence.

Referent Power

The influence one possesses based on others' admiration or respect towards them, often leveraging the desire of others to identify and be associated with the person.

Informational Power

Power derived from possessing knowledge or information that others find useful or valuable.

Skills And Abilities

The competences and capabilities that enable an individual to perform tasks or activities effectively.