Which of the Following Is NOT an Example of Price

question 82

Multiple Choice

Which of the following is NOT an example of price discrimination?

• A) children's menus in restaurants
• B) peak and nonpeak rates for cell phone usage
• C) product innovations leading to lower prices
• D) standby seats sold at the last minute by airlines

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Definitions:

Perpetual

Continuing indefinitely without a predetermined end in the context of perpetual inventory systems that continually update to reflect buying and selling activities.

Credit Period

The amount of time the buyer is allowed in which to pay the seller.

Merchandise

Goods that are bought and sold in business transactions.

Invoice

The bill that the seller sends to the buyer.