Because It Denotes a High Price Relative to the Prices

question 20

Multiple Choice

Because it denotes a high price relative to the prices of competing products,______ is sometimes called a "market-plus" approach to pricing.

• A) price skimming
• B) price fixing
• C) status quo pricing
• D) bait-and-switch pricing

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Definitions:

Fallacy

A mistake in logic that makes an argument incorrect or deceptive.

Accident

The fallacy of applying a generalization to a special case in disregard of qualities or circumstances that make it an exception to the generalization.

General

Relating to or involving all or most people, things, or places, especially without specifying details.

Opposite

Pertaining to something that is diametrically different in position, direction, or character from something else.