If a Business Decides to Reduce Its Prices Once in a While

question 175

Multiple Choice

If a business decides to reduce its prices once in a while on an unsystematic basis, it is using

• A) price reduction planning.
• B) random discounting.
• C) bait pricing.
• D) periodic discounting.
• E) penetration pricing.

---

Definitions:

City Growth

The increase in size, population, and economic activity within urban areas, often driven by factors such as industrialization, migration, and infrastructure development.

Cities

Urban areas characterized by higher population density and vast human features in comparison to areas surrounding them.

Mesopotamia

An ancient region located in the eastern Mediterranean, roughly corresponding to present-day Iraq, and is considered the cradle of civilization for its early developments in agriculture, writing, and urban life.

Modern Factory

An industrial site equipped with the latest technology and machinery for manufacturing goods and products.