A Business Using Price Lining Is Doing Which of the Following

question 107

Multiple Choice

A business using price lining is doing which of the following?

• A)trying to avoid the use of psychological pricing,which may be negatively received by customers
• B)trying to recoup its research and development costs for a new product
• C)attempting to attain a large market share before any competitors can enter the marketplace
• D)using price points to determine its pricing strategy
• E)engaging in potentially unethical pricing

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Definitions:

Created

Brought into existence; the act or process of bringing something into being that did not exist before.

Rightful Owner

A person or entity that legally possesses property or title.

Constructive Trust

A legal remedy imposed by a court to prevent unjust enrichment by transferring property from the person who unjustly benefits to the rightful owner.

Settlor

The individual who creates a trust by legally transferring assets into it, setting the terms for its management and distribution.