Which of the Following Is a Disadvantage of Flexible Pricing

question 163

Multiple Choice

Which of the following is a disadvantage of flexible pricing?

• A) It allows a salesperson to adjust the price in response to competition.
• B) It leaves opportunities for sales by not adjusting to customers.
• C) It allows a salesperson to adjust the price depending on his customer.
• D) It can cause discontent among customers who realize they have paid a higher price than others.
• E) It results in broadcasting a price that the competition can undercut.

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Definitions:

Chronic Illness

A long-lasting health condition that requires ongoing medical attention or limits daily activities.

Gender Discrimination

The unfair treatment or bias against individuals based on their gender, affecting opportunities, resources, and rewards.

Geographical Imobility

Refers to the hindrance or difficulty in moving factors of production like labor or capital between different geographical locations.

Compensating Wage Differentials

The variation in pay rates due to differences in the job environment, hazards, and other non-monetary factors.