Odd-Even Pricing Is Considered to Be a ________ Approach to Pricing

question 167

Multiple Choice

Odd-even pricing is considered to be a ________ approach to pricing.

• A) cost-oriented
• B) profit-oriented
• C) demand-oriented
• D) competition-oriented
• E) service-oriented

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Definitions:

ADR

Alternative Dispute Resolution; a range of processes such as mediation and arbitration that resolve disputes outside of the court system.

Subcontractors

These are third-party businesses or individuals hired by a primary contractor to perform specific tasks as part of a larger project, operating under a separate contract.

Disputes

Conflicts or disagreements between parties that may involve legal action to resolve.

Early Neutral Evaluation (ENE)

A dispute resolution process where an unbiased third party assesses the strengths and weaknesses of each side's case early on.