Which of the Following Is an Example of Subscription Pricing

question 14

Multiple Choice

Which of the following is an example of subscription pricing?

• A)You can listen to unlimited music on Spotify for $9.99 a month.
• B)All the sweaters in your favorite store are priced at one of three prices-$50,$75,and $100.
• C)The price of products in your local department store that cost less than $50 all end in the numbers 5 or 9.
• D)The electronics store advertised a great deal on laptops,but the salesperson tried to convince you to purchase a better,more expensive laptop.
• E)You make a trip to the grocery store because you notice that they have really good deal on your favorite cereal.

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Definitions:

Current Cost

The cost that would be incurred to purchase an asset or service at the present time, contrasting historical cost.

LIFO Firm

A company that uses the Last-In, First-Out method of inventory valuation where the most recently produced items are sold first.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs from total revenue, indicating the company's profit.

LIFO Layers

Different layers or levels within the LIFO inventory method, representing inventory acquired at different times and prices, affecting the calculation of cost of goods sold and ending inventory value.