Which of the Following Best Explains Why Frito-Lay's Potato Chips

question 8

Multiple Choice

Which of the following best explains why Frito-Lay's potato chips are priced at 69 cents a bag rather than 70 cents?

• A) To encourage consumers to think these chips are less expensive
• B) To gain more consumers who are not too keen about the quality of the chips
• C) To create a signal that these chips are exceptionally fine
• D) To increase sales by giving discount offers

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Definitions:

Base

The number that is repeatedly multiplied by itself when raised to an exponent, or the bottom side of a geometric figure.

Simplify

The process of altering an expression or equation to make it easier to understand or solve, usually by combining like terms or removing parentheses.

Average Cost

The total cost divided by the number of goods produced, calculating the cost per unit of goods.

Domain

In mathematics, specifically in the context of functions, the domain is the set of all possible input values (or arguments) for which the function is defined.