Consumers Buy Candy Bars, Snacks, and Soda Pop from Vending

question 143

Multiple Choice

Consumers buy candy bars, snacks, and soda pop from vending machines. Traditionally, the price of each of these products is about 60 cents. If a marketer charges a significantly higher price for such products dispensed by vending machines, sales are likely to decline. In order to avoid such declines in sales, marketers tend to be very consistent in the price charged for vending machine products. This is an example of marketers employing a __________ strategy.

• A)skimming pricing
• B)below-market pricing
• C)penetration pricing
• D)customary pricing

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Definitions:

Time Delay

A deliberate pause or latency introduced into a process or electronic circuit, to ensure timings and sequences are properly coordinated.

De-energized

The state of an electrical device or system when it is not supplied with power or electricity, often as a safe condition for maintenance or setup.

TOF Timer

A timing function that begins timing when the input signal goes from true to false, often used in programmable logic controllers (PLCs).

Accumulate Time

A process in computing or control systems where elapsed or total time for events is recorded or added together.