From a Marketer's Point of View, Price Lining Is a Way

question 92

Multiple Choice

From a marketer's point of view, price lining is a way to do which of the following?

• A) control supply
• B) maximize profits
• C) make the business more socially responsible
• D) pass shipping costs on to consumers
• E) eliminate price elasticity concerns

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Definitions:

Consumer Protection

Laws and regulations designed to ensure the rights of consumers as well as fair trade, competition, and accurate information in the marketplace.

Third-party Beneficiaries

Individuals or entities that are not part of a contract but stand to benefit from its execution.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, intended to standardize and simplify the laws across states.

Recognize

To acknowledge or formally accept something as valid, true, or significant.