Choose the One Most Appropriate Answer for Each

question 9

Multiple Choice

Choose the one most appropriate answer for each.
-requirement for housing based on age and income patterns

• A)age distribution
• B)base industry
• C)buying pattern
• D)cost-push inflation
• E)demand
• F)demand-pull inflation
• G)economic base
• H)employment multiplier
• I)Federal Reserve Board
• J)long-run demand
• K)monetary inflation
• L)monetize the debt
• M)primary industry
• N)real
• O)real-cost inflation
• P)secondary industry
• Q)service industry
• R)short-run demand
• S)supply
• T)vulnerability

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Definitions:

Target Pricing

A pricing method in which a company sets a price based on what the customer is willing to pay and then designs the product to meet that price.

Ultimate Consumers

End-users of a product or service who purchase it for personal, family, or household use, rather than for business purposes.

Odd-even Pricing

A pricing strategy that sets prices just below a round number to create a perception of value, e.g., pricing an item at $19.99 instead of $20.

Demand-oriented

Refers to pricing strategies that are based on the consumer's demand for a product or service.