If a Business Decides to Reduce Its Prices Once in a While

question 175

Multiple Choice

If a business decides to reduce its prices once in a while on an unsystematic basis, it is using

• A) price reduction planning.
• B) random discounting.
• C) bait pricing.
• D) periodic discounting.
• E) penetration pricing.

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Definitions:

Drunken Driving

The act of operating a vehicle after consuming alcohol beyond the legal limit, impairing one's ability to drive safely.

Retroactive Interference

A memory phenomenon where new information hampers the ability to recall older information.

Repression

A defense mechanism proposed by Freud, which involuntarily pushes threatening or disturbing thoughts out of conscious awareness.

Source Amnesia

A memory disorder in which someone can remember certain information but is unable to recall where, when, or how that information was acquired.