Which of the Following Statements About Price Lining Is True

question 88

Multiple Choice

Which of the following statements about price lining is true?

• A)This method assumes that demand is elastic at each price point used.
• B)Those who use this method prefer to have at least a dozen different price points.
• C)Primarily government contractors use this method.
• D)This method assumes demand is elastic between the price points.

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Definitions:

Shipping Container

A large, standardized metal box used for the efficient, safe, and secure transport of goods over long distances, often by sea or land.

Dental Floss Dispenser

A device designed to hold and dispense dental floss, often facilitating ease of use and encouraging better dental hygiene practices.

Secondary Package

The additional outer packing of a product that provides extra protection or information, and may play a role in marketing strategies.

Primary Package

The packaging the consumer uses, such as the toothpaste tube, from which he or she typically seeks convenience in terms of storage, use, and consumption.