Flexible Pricing Is Most Common in the Channels, in Direct

question 96

True/False

Flexible pricing is most common in the channels, in direct sales of business products, and at retail for expensive shopping products.

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Definitions:

Total Utility

The total satisfaction or benefit derived from consuming a particular quantity of goods or services.

Law of Diminishing Marginal Utility

An economic principle that states the additional satisfaction a consumer gets from purchasing one more unit of a product will lessen with each additional unit purchased.

Marginal Utility

The additional satisfaction or utility that a consumer derives from consuming one more unit of a good or service.

Total Utility

The total satisfaction or benefit a consumer receives from consuming a specific quantity of goods or services.