A Movie Theater Offers a Reduced Price for an Afternoon

question 82

Multiple Choice

A movie theater offers a reduced price for an afternoon showing of a film. This type of pricing is ________ pricing.

• A) location-based
• B) customer-segmented
• C) cost-based
• D) product form
• E) time-based

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Definitions:

Data Predictions

The process of using algorithms, statistics, and machine learning techniques to forecast future outcomes based on historical data.

Bit

The smallest unit of data in computing, representing a binary value of either 0 or 1.

Byte

The basic unit of data storage in computing and digital communications that most commonly consists of eight bits.

Field

A characteristic of interest that describes an entity.