Off-Peak Pricing

question 48

Multiple Choice

Off-peak pricing:

• A) is used to overcome problems associated with the homogeneity of services.
• B) is a strategy used to deal with the fluctuating demand for services.
• C) leads to service perishability and fluctuating demand.
• D) is used to separate the service provider from the service.

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Definitions:

Unilateral Contract

A contract in which only one party makes a promise or obligation in exchange for an act by the other party.

Invalid Verbal Contract

An oral agreement that lacks enforceability by law, often due to the absence of required elements for a valid contract or due to specific types of agreements that require written form.

Assurance

A formal declaration intended to give confidence or guarantee of certain outcomes or conditions.

Promise

An assurance that one will or will not do something in the future.