Which of the following is a pricing tactic rather than a pricing strategy?
A) Nertz Toys revamps its distribution process in order to sell its products at lower prices than competitors' products.
B) Royal Chocolates reduces the prices of its products for a week after the holiday season to sell off its excess inventory.
C) RCB prices its products differently in the domestic and foreign markets as it targets different customer segments in both.
D) KayLee Clothing begins to target the teen market as well as the adult market and introduces low-priced product ranges for teens.
E) GTQ sells its clothing range at much higher prices than other retailers, capitalizing on its brand name.
Question 2
Which of the following is most likely to be characterized as a monopoly?
A) stock markets
B) local utilities
C) the market for fish products
D) the retail trade
E) the market for basic metals
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Children may sometimes sort their toys into different categories.
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