Which of the Following Pricing Strategies Is Used by Many

question 23

Multiple Choice

Which of the following pricing strategies is used by many e-tailers in order to provide flexibility between buyers and sellers in setting a price?

• A) Penetration pricing
• B) Psychological pricing
• C) Breakeven pricing
• D) Fixed pricing
• E) Dynamic pricing

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Definitions:

Labor

Labor refers to the human effort, both physical and mental, used in the production of goods and services.

Output

The quantity of goods or services produced in a given time period by a firm, industry, or economy.

Cost

Cost pertains to the value of economic resources used in the production of goods or services, often reflected in terms of money expended.

Units

Basic quantities or measurements, such as pieces or portions, used in economic analyses to quantify variables.