PricelineCom's Service Where a Buyer Can Submit a Price Bid

question 69

Multiple Choice

Priceline.com's service where a buyer can submit a price bid for a particular service is an example of a: 

• A) utility patent.
• B) design patent.
• C) business method patent.
• D) license.

---

Definitions:

Auditory Tube

Also known as the Eustachian tube, it connects the middle ear to the nasopharynx and helps equalize pressure between the middle ear and the atmosphere.

Seasonal Inventory

Inventory stockpiled in anticipation of seasonal demand peaks to ensure adequate supply and optimal service levels.

Demand

The desire and willingness of consumers to purchase goods or services at a given price over a specific time period.

Capacity

Pertains to the highest amount of production a business can maintain for creating a product or delivering a service.