A Local Restaurant Sells Lunch Entrees for $7

question 104

Multiple Choice

A local restaurant sells lunch entrees for $7.95, $9.95, and $11.95. From this information, you can infer the restaurant uses which of the following?

• A) price discrimination
• B) odd-even pricing and price lining
• C) dynamic pricing and price lining
• D) reference pricing and value pricing
• E) dynamic pricing and loss leader pricing

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Definitions:

Possession

The state or fact of owning or holding something, either physically or legally.

Deficiency

The lack of a required or necessary quality, amount, or degree, often used in financial contexts to denote a shortfall.

Foreclosure Auction

A public sale at which property is sold to the highest bidder following foreclosure.

Financial Difficulties

Situations where individuals or organizations face challenges in managing their finances, often leading to debt or bankruptcy.