Which of the Following Statements About the Pricing of Services

question 4

Multiple Choice

Which of the following statements about the pricing of services (compared to the pricing of goods) is false?

• A)The demand for services tends to be more elastic than the demand for goods.
• B)Cost-oriented pricing is more difficult for services.
• C)Comparing prices of competitors is more difficult for service consumers.
• D)Self-service is a viable competitive alternative.
• E)Consumers are less able to stockpile services by taking advantage of discount prices.

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Definitions:

Knights of Labor

The Knights of Labor was a significant labor organization in the United States during the late 19th century, advocating for the rights of workers and seeking to improve their conditions.

CIO

Chief Information Officer, a senior executive responsible for the management, implementation, and usability of information and computer technologies within an organization.

AFL

The American Federation of Labor; a historic national federation of labor unions in the United States, established in 1886.

Bargaining Strength

The power that parties have during negotiations, influenced by their resources, alternatives, and strategies.