Which of the Following Is Not an Example of Pricing

question 135

Multiple Choice

Which of the following is not an example of pricing based on group differences in elasticity of demand?

• A)senior-citizen discounts at restaurants and motels
• B)cash rebates for purchases of automobiles
• C)child discounts for admission to theme parks
• D)discounted student prices for visits to museums

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Definitions:

Cost Behavior Analysis

The study of how specific costs change in relation to changes in an organization's activity level.

Business Activity

Any actions undertaken by a company as part of its operations, including production, sales, marketing, and administration.

Unit Costs

Unit Costs refer to the total expenditure incurred to produce, store, and sell one unit of a product, including all variable and fixed costs.

Variable

An element, feature, or factor that is liable to vary or change; in science and mathematics, a quantity that can assume any of a set of values.