Scenario 13-2 It's September and Sophia Wants to Buy Some Arts and Arts

question 95

Multiple Choice

Scenario 13-2
It's September and Sophia wants to buy some arts and crafts supplies for an after-school program she is developing for her daughter's elementary school. In her Saturday newspaper was a flyer from Michael's, an arts and crafts retailer. As she looked through the newspaper insert, she noticed that if she purchased three or more bottles of Alene's Tacky Glue, the regular price of $1.50 each was reduced to $1.15 each. She also saw that the store priced its plastic storage boxes at $1.99, $3.99, and $5.99. She thought they would be useful for storing each individual child's projects. On the front page of the flyer was an ad for Funky Girls Gel Pens, something she knew her daughter would love to use. The price at Michael's was $6.99 lower than the price she had found at the other stores that carried the pens. She thought that some of the older girls might like to start a scrapbook and was pleased to find that Michael's had a scrapbook starter kit, which includes scissors, book, pages, and stickers for only $15. The items could be purchased separately for $19.99. The flyer also announced that all flag-related items left over from its Canada Day sale were reduced by 40 percent.
-Refer to the scenario. What pricing practice was used to price the plastic storage boxes?

• A)seasonal pricing
• B)price shading
• C)price lining
• D)cumulative pricing

Demonstrate knowledge of how to delegate tasks and set boundaries to maximize time management.

Understand the benefits of breaking projects into smaller tasks for improved manageability.

Recognize different types of thinking and their impact on time management.

Apply strategies for overcoming procrastination for better academic and professional performance.

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Definitions:

Exchange Rates

The price at which one currency can be exchanged for another currency in the forex market.

Creditworthiness

An assessment of a borrower's ability to repay debt as agreed, based on factors like credit history, income level, and current debt levels.

Canadian Dollar Appreciates

An increase in the value of the Canadian dollar relative to another currency.

Foreign Currency

Currency used in a country other than one's own, involved in international trade and investment.