Which of the Following Involves Adjusting Prices to Account for the Physical

question 118

Multiple Choice

Which of the following involves adjusting prices to account for the physical location of customers?

• A) location-based pricing
• B) geographic pricing
• C) domestic pricing
• D) interior pricing
• E) captive pricing

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Definitions:

Express or Implied Authority

Power granted by a principal to an agent, which can be explicitly stated (express) or inferred from actions, circumstances, or job title (implied).

Disclosed Principal

In the realm of agency law, a principal whose identity the third party is aware of when the agent enters into a contract with that third party.

Unauthorized Contract

An agreement made by someone who does not have the legal right or power to do so on behalf of another person or entity.

Agent Lacks Authority

A situation where an agent acts outside of their given powers, potentially making their actions unbinding on the principal.