If a Product Is Priced Based on How Many or How

question 81

Multiple Choice

If a product is priced based on how many or how few people want it at a particular time and place, ____ pricing is being used.

• A) markup
• B) demand-based
• C) competitive
• D) peak
• E) differential

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Definitions:

Less Schooling

A situation or condition where individuals receive less formal education than the average or expected standard.

Prejudice

Is an attitude that judges a person according to his or her group’s real or imagined characteristics.

Disablism

Discrimination or prejudice against individuals with disabilities, based on the belief that typical abilities are superior.

Unintended Negligence

A situation where harm is caused not through deliberate action but due to a lack of attention or foresight.