Answer:
Kaizen Philosophy
Explanation:
Kaizen philosophy refers to good change. It is a Japanese term in which the companies are required to improve their processes continuously. The companies which offer low cost car vehicles are overlooking Kaizen principle because they are contributing to environment pollution. Kaizen principle focuses on new improvements and abolishes old concepts.
Answer:
b. a consumer’s own experience
Explanation:
When buying a certain product/service, costumers rely on certain expectations that guide them through the process of choosing.
Naturally, the most trusted source of expectations is a consumer’s own experience. <em>Empiricism </em>has reasonable arguments for this marketing management application of experience. We always tend to trust our own past experiences, rather than an experience or review of somebody else, no matter how close that person is.
Answer:
c. rolling plan
Explanation:
The rolling plan is the plan which is to be reviewed and updated on daily basis or we can say it is a flexible plan which can be changed according to the conditions arrived or as per the environment
So according to the given scenario, TDS Corporation updates its five-year plan annually which can be updated or revised so it could be term as a rolling plan
What allows an individual to gain from unexpected inflation are stocks
Answer:
D
Explanation:
The action being used here is the psychological pricing action.
It tends to appeal to the buying reasoning of the buyer. In this system of pricing, the prices of goods are intentionally placed using odd figures. This is because, it is believed that setting prices at these type of price ranges have a psychological effect on the consumer
The 0.01 cent difference would appeal to the psychological thinking of the consumer, thereby making him purchase the goods which in fact is same price when looked at technically
All in all, the pricing system is looking to make the buyer take a decision which will favor the seller as the fractional bits taken off the price would appear to the customer as if he’s purchasing at a lesser price which is technically not so
