Some Companies Attempt to Reduce or Eliminate the Use of Frequent

question 92

Multiple Choice

Some companies attempt to reduce or eliminate the use of frequent short-term price reductions by using:

• A)odd-even pricing.
• B)customary pricing.
• C)everyday low prices.
• D)price leaders.
• E)reference pricing.

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Definitions:

Prize

A reward given for a specific achievement or win in a competition.

Earn

To receive payment in return for work or services provided, or to gain money or profit through investment or business activities.

Car Loan

A financial loan that consumers use specifically to buy a new or used car, typically secured against the car itself.

Interest Rate

The interest rate is the percentage of the loan amount that lenders charge borrowers as interest, usually represented as an annual percentage of the remaining loan balance.