Under Which Type of Geographic Pricing Strategy Does Each Customer

question 114

Multiple Choice

Under which type of geographic pricing strategy does each customer take responsibility for the freight charges for the product from the factory to its destination?

• A) zone pricing
• B) basing-point pricing
• C) uniform-delivered pricing
• D) dynamic pricing
• E) FOB-origin pricing

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Definitions:

Create Value

The process of enhancing a product or service's worth by improving its appeal to customers, thereby increasing its market value or consumer demand.

Demand Curve

Shows how many units of a product or service consumers will demand during a specific period at different prices.

Prestige Products

Goods that are considered luxury items and signify a status symbol to consumers.

Higher Prices

Charging more for goods or services, often due to increased demand, higher costs of production, or added value.