When Prices Are Rising Quickly, Retailers Will Have to Constantly

question 41

Multiple Choice

When prices are rising quickly, retailers will have to constantly change their prices. The cost incurred in changing prices is called a(n) _____.

• A) fixed cost
• B) implicit cost
• C) menu cost
• D) out-of-pocket cost

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Definitions:

Spiralia

Classification of invertebrate animals that includes the lophotrochozoans and platyzoans.

Tapeworm

A type of parasitic flatworm that lives in the digestive tract of vertebrates as adults and often causes illness.

Proglottids

Segments that make up the body of tapeworms, each containing a complete set of reproductive organs, and capable of developing into a new organism.

Scolex

Tapeworm head region; contains hooks and suckers for attachment to host.