Charging Different Prices During Different Times or Days in Order

question 11

Multiple Choice

Charging different prices during different times or days in order to stimulate demand during slow periods is called _____.

• A) upscale pricing
• B) off-peak pricing
• C) every-day-low pricing
• D) odd pricing

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Definitions:

Urban Areas

Geographical regions characterized by higher population density and vast human features in comparison to areas surrounding them, often centers of commerce, politics, and culture.

Rural Areas

Regions located outside towns and cities, often characterized by lower population density, agricultural or natural terrain, and lesser availability of certain public services.

Progressivism

A political and social-reform movement that aims to address inequalities, and improve economic policies, and promote social welfare.

Intellectual Circles

Groups or communities of intellectuals, academics, or thinkers who share ideas, engage in discourse, and influence thought and culture.