The Problem with the Kinds of Definitions of Racial Groups

question 52

Multiple Choice

The problem with the kinds of definitions of racial groups devised by 18th century Swedish naturalist Carolus Linnaeus is that,besides being ethnocentric:

• A)they confuse biological traits with cultural characteristics.
• B)they do not include all of the traits by which these races are distinguished.
• C)they are not scientific enough;that is,they do not include the frequencies with which these characteristics occur in the population.
• D)they argue that certain groups are superior to others because of their geographical location.
• E)they include too many categories to be functionally useful.

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Definitions:

Profit Maximization

A pricing objective that involves setting a relatively high price for a period of time after the product launches.

Product Life Cycle

The sequence of stages a product goes through from introduction to growth, maturity, and decline in the market.

Cost-plus Pricing

A pricing strategy where the selling price is determined by adding a specific markup to a product's cost.

Price Elasticity

An economic concept that measures the responsiveness of the quantity demanded of a good or service to a change in its price, influencing pricing strategies and market analysis.