Ties 'R' Us Sells a Variety of Ties at Many

question 84

Multiple Choice

Ties 'R' Us sells a variety of ties at many different prices. Often customers are confused about the pricing and have a hard time making a buying decision. Ties 'R' Us should use what type of pricing strategy?

• A) Odd pricing
• B) Price lining
• C) Captive pricing
• D) Multiple-unit pricing
• E) Geographic pricing

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Definitions:

Declines

Decreases in the value, amount, or quality of something.

Zero Slope

A horizontal line on a graph, indicating that there is no change in the y-value (vertical) regardless of the change in the x-value (horizontal); it represents a constant function.

Positive Slope

Indicates an upward trend on a graph, demonstrating that as one variable increases, the other variable also increases, especially used in the context of supply and demand curves in economics.

Consumption

The use of goods and services by households or individuals for personal needs or wants.