According to the Human Development Index Devised by the United

question 15

Multiple Choice

According to the human development index devised by the United Nations,a country with a perfect score would have an index of:

• A).001
• B)10
• C)100
• D)0.0
• E)1.0

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Definitions:

Reference Pricing

A type of psychological pricing in which a lower-priced item is compared to a more expensive brand in hopes that the consumer will use the higher price as a comparison price.

Price Skimming

A pricing strategy involving setting an initially high price before gradually lowering it over time as the product's novelty wears off.