Exploitation of consumer interest will NOT include which of the following:Select one:a.Profiteeringb.Competitive Pricingc.Misleading Adsd.Black-marketing
Question
Exploitation of consumer interest will NOT include which of the following:Select one:a.Profiteeringb.Competitive Pricingc.Misleading Adsd.Black-marketing
Solution
The answer is b. Competitive Pricing. This is because competitive pricing is a strategy where prices for goods and services are set based on what competitors are charging. It's a fair practice and doesn't exploit consumer interest. On the other hand, profiteering, misleading ads, and black-marketing are all practices that can exploit consumer interest.
Similar Questions
Which of the following is NOT a component of the marketing mix?Select one:a.Profitb.Productc.Priced.Promotion
State the type of market failure in the following situation:' Consumers are mislead by false advertising'.Lack of consumer sovereignty1Imperfect information2Lack of public goods3Imperfect competition
By using advertising puffery, marketers present ______ that mislead consumers.Multiple choice question.exaggerationscontradictionsunderstatementsfactual statements
Advertisements that concentrate on the dominant traits of a product or service use a _____ appeal.Multiple choice question.featurecompetitive advantagefavorable pricepopularity
Determine the correct type of marketing mix used to inform or persuade target audiences when market a product or service.Select one:a.Placeb.Productc.Promotiond.Price
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.