Why Is Price Lining a Good Practice for Retailers? How

question 135

Essay

Why is price lining a good practice for retailers? How does price lining influence the elasticity of demand?

---

Definitions:

Chemical Processing

The technique of changing the chemical structure of materials using physical and chemical steps, commonly used in industries to produce chemicals or modify materials.

Potential Hazards

Possible sources of danger or harm that may lead to accidents or adverse health effects, particularly in the context of the workplace or environment.

Personality Characteristics

Traits and features that define an individual's behavior, thought patterns, and emotional responses, which can influence their performance and interactions in the workplace.

Hardiness

A personality trait that encompasses resilience and the ability to endure stress and adversity, often associated with a greater capacity for effective stress management.