Select the Best Definition of the Term Demography

question 2

Multiple Choice

Select the best definition of the term demography.(Outcome #7b)

• A)the statistical study of population dynamics
• B)the statistical study of population characteristics
• C)the qualitative study of ecosystem diversity

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Definitions:

Price Skimming

A pricing strategy in which a company charges the highest initial price that customers will pay for a new product, then gradually lowers the price to attract more price-sensitive customers.

Variable Costs

Costs that change in proportion to the level of activity or volume of output in a business, such as raw materials and labor costs.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent or salaries.

Breakeven Point

The point at which total cost and total revenue are equal, resulting in no net loss or gain.