Price Reductions Offered on Products and Services to Stimulate Demand

question 2

Multiple Choice

Price reductions offered on products and services to stimulate demand during off-peak seasons are referred to as

• A) markdowns.
• B) seasonal discounts.
• C) price lining.
• D) predatory pricing.
• E) zone pricing.

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Definitions:

Pet Accessories

Non-essential items for pets, such as toys, clothing, beds, and grooming products, designed to enhance the care and comfort of domestic animals.

Exports

Goods or services sold by a country or business to buyers in another country.

Quantitative Restriction

Measures imposed by governments to limit the quantity of goods that can be imported or exported over a specified period.

Luxury Automobiles

High-end cars that offer superior performance, comfort, and amenities, often associated with status, exclusivity, and a high price point.