Using ________, a Company Raises the Price of Its Product

question 92

Multiple Choice

Using ________, a company raises the price of its product as demand goes up and lowers it as demand declines.

• A) price skimming
• B) decoy pricing
• C) surge pricing
• D) keystoning
• E) high/low pricing

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Definitions:

Proportion

A mathematical ratio that shows the relative sizes of two or more values.

Body Image

An individual's perception and feelings about their own body and physical appearance.

Mental Picture

Visual image or representation formed in the mind that reflects what is perceived or thought by an individual.

Attractiveness

Refers to the quality of being visually pleasing or appealing to the senses.