Naoki Believes That Food Prices Should Be Standardized and a Restaurant

question 30

Multiple Choice

Naoki believes that food prices should be standardized and a restaurant should not charge more simply because it is a popular brand. He feels that $10 to $20 is a suitable price for a meal at a restaurant and all restaurants should follow the same pricing strategy. This is what is best known as his:

• A) pricing strategy.
• B) expectation pricing.
• C) known price range.
• D) zone of acceptance.
• E) appropriate acceptability range.

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Definitions:

Parallel Forms Reliability

The consistency of the results of two tests constructed in the same way from the same content domain.

Internal Validity

The extent to which a study establishes a trustworthy cause-and-effect relationship between a treatment and an outcome.

Observed Score

The score actually obtained by an individual on a test or measurement.

True Score

The true score in psychometrics is an estimate of an individual's actual ability or trait level, free from measurement error.