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Amtrak Is Considering Two Pricing Strategies for Its Service

question 26

Multiple Choice

Amtrak is considering two pricing strategies for its service. One is to price its train tickets so that it is less expensive to travel on weekends than during the week when there is heavy business travel, which illustrates _____ pricing. The second is to price its train tickets so that the further away the travel date, the greater the discount, which is best described as _____.


Definitions:

Withdrawal Symptoms

Physical or mental symptoms that occur after stopping or reducing intake of a substance that was used regularly.

Treatment Success

The effective resolution or significant improvement of symptoms following a specified therapeutic intervention.

Antagonistic Drugs

Medications that block or reduce the action of neurotransmitters or hormones, often by competing for their receptors.

Contingency Management

A behavioral therapy which utilizes reward systems to reinforce desirable behaviors and reduce undesirable ones.

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