The Model Called Punctuated Equilibrium Maintains That

question 2

Multiple Choice

The model called punctuated equilibrium maintains that

• A)evolution will someday stop.
• B)evolution is gradual and slow,but steady over time.
• C)evolution moves slowly and then is quickly interrupted by the branching of new species.
• D)evolution recognizes "slight variations" that are good for the individual.

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Definitions:

Magnet Pricing

A strategy used by retailers to attract customers by advertising very low prices on a few items with the expectation that once customers are in the store, they will purchase additional items.

Price War

Successive price cutting by competitors to increase or maintain their unit sales or market share.

Market Share

The proportion of total sales in a market captured by a particular brand, product, or company, usually expressed as a percentage of total sales in the industry.

Promotional Allowances

Cash payments or an extra amount of “free goods” awarded sellers in the marketing channel for undertaking certain advertising or selling activities to promote a product.