If a Product Is Priced Based on How Many or How

question 81

Multiple Choice

If a product is priced based on how many or how few people want it at a particular time and place, ____ pricing is being used.

• A) markup
• B) demand-based
• C) competitive
• D) peak
• E) differential

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Definitions:

Disaccharide

A class of sugars composed of two monosaccharide molecules bonded together, such as sucrose or lactose.

Hydrogen Ion

A positively charged atom of hydrogen, symbolized as H+, crucial in acid-base balance and cellular energy processes.

pH Test Strip

A piece of paper or plastic that changes color when dipped into a solution, allowing for the measurement of the solution's acidity or alkalinity.

Sodium Bicarbonate

A chemical compound, NaHCO3, commonly known as baking soda, that is used in baking as a leavening agent and can neutralize acids.