Another Type of List That Contains a List of Terms,each

question 26

Multiple Choice

Another type of list that contains a list of terms,each followed by its description,is called a(n) ________.

• A) description list
• B) ordered list
• C) unordered list
• D) nested list

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Definitions:

Prestige Pricing

Psychological pricing strategy used with goods whose quality is difficult to determine by inspection or for products about which consumers have little solid information.

Price Skimming

Setting the price of a new product higher than expected to recover development costs.

Penetration Pricing

Setting the price of a new product lower than expected to gain fast market share.

Development Costs

Development costs are expenses associated with the creation and design of new products or services, including research and development.