Which of the Following Is a Pricing Strategy That Charges

question 148

Multiple Choice

Which of the following is a pricing strategy that charges different prices to different buyers for the same product based on the size of the order or the buyer's geographic location?

• A) reserve pricing
• B) peak load pricing
• C) Internet price discrimination
• D) freight absorption pricing
• E) reverse auction

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Definitions:

Industrial Revolution

A period of major industrial growth and technological innovation that began in the 18th century, significantly transforming societies and economies.

Diesel Engine

A type of internal combustion engine that runs on diesel fuel, known for its efficiency and used in vehicles, machinery, and generators.

Steam Engine

A heat engine that performs mechanical work using steam as its working fluid, pivotal in the development and spread of the Industrial Revolution.

Steel Plow

An agricultural tool made of steel, significant for its durability and efficacy in breaking tough soil, revolutionizing farming practices in the 19th century.