According to the Text,what Has Happened as a Result of Changes

question 26

Multiple Choice

According to the text,what has happened as a result of changes in marriage and childbearing patterns in recent years?

• A) More children live in two-parent families than before.
• B) Married couples are younger when they have children.
• C) There is a decrease in the use of contraceptives and an increase in abortions.
• D) More children live in stepfamilies than before.

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Definitions:

Yield Management Pricing

A pricing strategy that adjusts prices based on changes in supply and demand, commonly used in the airline and hotel industries.

Skimming Pricing

A pricing strategy where a product is initially sold at a high price to target customers who are less price-sensitive, before gradually lowering the price.

Prestige Pricing

A pricing strategy where prices are set higher than average to project exclusivity, quality, or luxury, appealing to consumers' status and prestige.

Standard Markup Pricing

Adding a fixed percentage to the cost of all items in a specific product class.