D077 Wgu Study Guide Rated A+

Pricing Ethics: Price Gouging {Ans: Involves setting excessively high prices for goods or services, often during emergencies, exploiting consumer necessity}Primary Research: Quantitative {Ans: Collects numerical data that can be statistically analyzed, offering measurable and testable outcomes}Physiological needs, safety needs, social needs, esteem needs, self-actualization needs {Ans: The 5 needs in Maslow's hierarchy of needs}Market Development Strategy {Ans: Utilizes existing products to expand into new markets, aiming to capture a broader customer base}Post purchase evaluation {Ans: step 6 of the consumer decision-making process, reviewing the product after owning it, using it, or experiencing buyer's remorse}Determine the desired outcome - find out what it is you want from a deal {Ans: The second phase of negotiation is what? and what is it for?}a Segmentation Strategy {Ans: separating a market by demographics, psychographics, geographics, and product-related is an example of what?}Primary Research: Qualitative {Ans: Gathers data on consumer perceptions and behaviors that are not easily quantifiable, providing depth and insight into the market}continuing communication with the customer to maintain that they feel taken care of and that your product and service have been of value to them, keeping the relationship solid {Ans: the final