What Type of Pricing Strategy Is Used in a Situation

question 118

Multiple Choice

What type of pricing strategy is used in a situation where demand for a product is price inelastic and the seller has an ethical responsibility not to overcharge the client?

• A)Price lining
• B)Prestige pricing
• C)Professional pricing
• D)Customary pricing
• E)Price skimming

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Definitions:

OSHA Standard

Regulations established by the Occupational Safety and Health Administration to ensure workplace safety and health standards.

Susceptible Host

an individual who is more likely to be adversely affected by pathogens or diseases due to certain conditions or lack of immunity.

Standard Precautions

The basic level of infection-control practices that healthcare workers must follow to prevent the transmission of infectious diseases.

Fomite

An inanimate object, such as clothing, body fluids, water, or food, that may be contaminated with infectious organisms and thus transmit disease.