A Company Prices Its Shoes at $74

question 17

Multiple Choice

A company prices its shoes at $74.99 instead of $75.00.This is an example of a(n) :

• A) seasonal discount.
• B) advertising allowance.
• C) odd price.
• D) listing allowance.
• E) cash discount.

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Definitions:

Subscription Price

The cost that a customer pays, often on a regular basis, to receive a product or service.

Common Share Price

The price at which a corporation's common shares are bought and sold on the stock market.

Rights-On Period

A defined timeframe during which shareholders can purchase additional shares before the public.

Dutch Auction

A type of auction where the auctioneer starts with a high asking price and lowers it until a participant is willing to accept the auctioneer's price, or a predetermined minimum price is reached.