Prototypes May Be Viewed Either as Actual "Best Members" of Categories

question 20

True/False

Prototypes may be viewed either as actual "best members" of categories or as idealized "best members" of categories.

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Definitions:

Mark-up

A financial addition to the product's cost to cater to company overheads and profit gain.

Wholesaler

An individual or entity that buys goods in large quantities from producers to resell them to retailers or directly to customers, but typically not to the final consumer.

Selling Price

The amount of money a buyer pays to acquire a product or service from a seller.

Trade Discount

A reduction in the listed price of a product or service, offered by sellers to buyers in the same trade.