Charging Different Prices to Maximize Revenue for a Set Amount

question 69

Multiple Choice

Charging different prices to maximize revenue for a set amount of capacity at any given time is referred to as

• A) demand-backward pricing.
• B) target pricing.
• C) skimming pricing.
• D) yield management pricing.
• E) penetration pricing.

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Definitions:

Hub Runout

The measure of how much a wheel hub deviates from a perfect circle as it rotates, affecting the smoothness of the vehicle's ride.

Pad Lining Thickness

The thickness of the friction material on a brake pad, critical for brake performance and safety.

Caliper Piston

A component of disc brake systems, it resides within the caliper and moves outward to apply pressure on the brake pads against the rotor to slow or stop the vehicle.

On-car Lathe

A machine tool used directly on the vehicle, often for resurfacing brake rotors, to ensure they are parallel and smooth for proper operation.