Determine Which of the Four Levels of Measurement Is

question 34

Multiple Choice

Determine which of the four levels of measurement is most appropriate.
-The sample of spheres categorized from softest to hardest.

• A)Nominal
• B)Ratio
• C)Interval
• D)Ordinal

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Definitions:

Predatory Pricing

A competitive strategy where a firm sets very low prices with the intent to drive competitors out of the market or hinder their ability to compete.

Showrooming

The practice of examining merchandise in a traditional brick and mortar retail store without purchasing it, then shopping online to find a better deal on the same item.

Price Discrimination

A pricing strategy where identical or similar products or services are sold at different prices to different customers.

Price Fixing

An illegal agreement between parties to set prices at a certain level, preventing fair competition and manipulating the market.