Which of the Following Is NOT a Component of a Demand

question 2

Multiple Choice

Which of the following is NOT a component of a demand pattern?

• A) trend
• B) standard deviation
• C) seasonal variation
• D) random variation
• E) all of the above are components of a demand pattern

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Definitions:

Penetration

A measure of the extent to which a product, service, or brand has been adopted by customers within a particular market.

Standard Markup

A conventional percentage added to the cost price of goods to determine their selling price.

Bundle Pricing

A pricing strategy in which several products or services are packaged together and sold at a single price, often lower than the total cost of purchasing each item separately.

Skimming Strategy

A pricing strategy where a company sets relatively high prices at the launch of a new product to maximize profits from customers willing to pay a premium.