What Is the Main Advantage of Price Lining

question 23

Multiple Choice

What is the main advantage of price lining?

• A)It is quite similar to prestige pricing.
• B)It can simplify both buying and selling.
• C)It tends to reduce turnover rates.
• D)It results in larger inventories.
• E)It confuses customers.

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Definitions:

MOOCs

Massive Open Online Courses that offer free or low-cost educational content accessible to anyone with an internet connection.

Higher Education

An advanced level of study after high school, including universities, colleges, and other institutions that award academic degrees or professional certifications.

Business Model

A business model outlines how a company creates, delivers, and captures value, essentially explaining how it operates and makes money.

Tata Motors

An Indian multinational automotive manufacturing company, part of the Tata Group, known for producing cars, utility vehicles, buses, trucks, and defense vehicles.