When DaimlerChrysler Originally Introduced the PT Cruiser, Demand Was So

question 219

Multiple Choice

When DaimlerChrysler originally introduced the PT Cruiser, demand was so strong that some dealers would sell one only if the customer was willing to pay several thousand dollars over the sticker price. This is an example of

• A) effective business practice.
• B) price gouging.
• C) collusion.
• D) profit maximization.
• E) price lining.

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Definitions:

Firm

Having a solid, unyielding surface or structure, often used to describe physical objects or business establishments with strong foundations.

Principles

Fundamental beliefs or guidelines that drive decision-making and actions within various disciplines or aspects of life.

Standing

The position or status of being upright on the feet to support the weight of the body.

Busy Reception

A scenario where the reception area of a business or office is experiencing high levels of activity and visitor volume.