The Absolute Price of Beef in Japan Is $10

question 52

Multiple Choice

The absolute price of beef in Japan is $10.00 per pound and the absolute price of tuna is $5.00 per pound then the relative price of tuna in terms of beef is

• A) one-half.
• B) two.
• C) fifteen.
• D) fifty.

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Definitions:

FOB Origin Pricing

A pricing strategy where the buyer takes on responsibility for the goods once they leave the seller’s premises, including paying for shipping and handling.

Mode of Transportation Pricing

The cost structure associated with different modes of transport, factoring in distance, speed, volume, and type of goods.

Vehicle

In marketing, a vehicle refers to the medium or channel used to transmit an advertising message to its intended audience, such as television, radio, or online platforms.

Single-Zone Pricing

A pricing strategy where a seller charges the same price for a product or service, regardless of where the buyer is located.