Many Cellular Phone Plans Contain a Certain Number of Anytime

question 163

Multiple Choice

Many cellular phone plans contain a certain number of anytime minutes and then either significantly more or even unlimited night and weekend minutes. This is an example of

• A) time-based pricing.
• B) off-peak demand.
• C) demand-based pricing.
• D) time dependence pricing.
• E) bundled costing.

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Definitions:

Legal-political Conditions

Factors related to laws, regulations, and political climate that can affect the operation of businesses and organizations.

Norms

Shared expectations and rules that guide behavior of people within a group or culture.

Social Values

Collective ideals that are considered significant and beneficial for the welfare and cohesion of society.

Innovation

The process of translating an idea or invention into a good or service that creates value or for which customers will pay.