Department Stores Often Use ________ Pricing in Which They Have

question 46

Multiple Choice

Department stores often use ________ pricing in which they have regular prices which are relatively high, but offer special sales where prices are set lower than competitors.

• A) penetration
• B) bundling
• C) strategic
• D) high-low

---

Definitions:

Percentage Change

A mathematical calculation that represents the degree of change over time, expressed as a percentage.

Elasticity Coefficient

A numerical measure of how responsive the quantity demanded or supplied of a good or service is to changes in its price or other factors.

Tax on Cigarettes

A financial charge imposed on the sale of cigarettes, often used as a public health tool to discourage smoking and to raise revenue for health initiatives.

Demand for Cigarettes

The consumer's desire and willingness to pay for cigarettes at various price levels.