Which of the Following Is a Disadvantage Associated with Product-Line

question 74

Multiple Choice

Which of the following is a disadvantage associated with product-line pricing?

• A) It does not provide flexibility for making price changes on individual items.
• B) It results in consumers having difficulty in making purchase decisions.
• C) It is ineffective in differentiating between products.
• D) It does not allow shoppers to choose desired price ranges.

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Definitions:

Consumer Price Index

A barometer that records the average change through the timeline in the financial outlay by urban consumers for a determined assortment of consumer products and services.

Italian Shoes

High-quality footwear produced in Italy, known for their craftsmanship and design.

GDP Deflator

An economic metric that converts the output of an economy measured at current prices into constant-dollar terms to remove the effects of inflation.

Consumer Price Index

A methodology for assessing the weighted average pricing of consumer commodities and services, including healthcare, food, and transit.