The Pricing Strategy That Assumes That Demand Is Relatively Inelastic

question 171

Multiple Choice

The pricing strategy that assumes that demand is relatively inelastic over certain price ranges is called

• A) price lining.
• B) odd-even pricing.
• C) price skimming.
• D) prestige pricing.
• E) customary pricing.

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Definitions:

Genetic Mutations

Changes or alterations in the DNA sequence that can affect genetic information, potentially leading to genetic disorders or variations in traits.

Fossil Evidence

Physical remains or traces of ancient organisms preserved in geological formations, offering insights into past life.

Theory of Evolution

A scientific explanation for the diversity of life on Earth, proposing that species change over time through processes such as natural selection.

Genes Influence

The impact that genetic makeup has on determining physical and behavioral traits in organisms.