Some Retailers Feel That Their Potential Customers Find Certain Prices

question 20

Multiple Choice

Some retailers feel that their potential customers find certain prices appealing but that prices within certain ranges are seen as roughly the same,and thus price cuts within a given range will not increase the quantity sold (i.e.,the demand curve is vertical within these "same price" ranges) .These retailers would probably use ________ if they want to maximize profit.

• A)average-cost pricing
• B)bait pricing
• C)leader pricing
• D)prestige pricing
• E)psychological pricing

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Definitions:

Home-Reared Children

Children who are educated and raised in a family home environment, as opposed to an institutional setting like a daycare or school.

Day Care

A service that provides care for children during the day, especially for those whose parents are at work or otherwise engaged.

Developmental Levels

Stages or phases in the growth or advancement of an individual or system, often used in reference to psychological or physical maturity.

Day-Care Experience

The range of activities, interactions, and experiences that a child encounters while being cared for in a day-care setting, which can impact their social, emotional, and cognitive development.