Multiple Choice
Diane owns a bakery where she sells cupcakes.Two blocks down there is another bakery,CC's Bakery,that sells cupcakes for $1 less than Diane.Diane decides to lower her price and match CC's Bakery prices.What type of pricing strategy is Diane implementing?
A) Internal pricing
B) Profit-oriented pricing
C) Competitor-oriented pricing
D) Customer-oriented pricing
E) Sales-oriented pricing
Correct Answer:
Verified
Correct Answer:
Verified
Q22: Fenton has always used standard markups to
Q39: Economic trends that affect pricing decisions include
Q40: If consumers are more sensitive to price
Q43: Describe a situation where you,as a consumer,often
Q46: If the price for a product increases,
Q46: A strategy of setting prices based on
Q47: Frank's Heating and Air Conditioning Company specializes
Q49: Price is often the most challenging of
Q83: One of the limitations associated with break-even
Q112: The observation that consumers are generally more