When the Value of the Dollar Is Weak Relative to the Buyer's

question 86

Multiple Choice

When the value of the dollar is weak relative to the buyer's currency,companies generally employ __________ pricing.

• A)competition-based pricing
• B)demand-based pricing
• C)supply-based pricing
• D)psychological pricing
• E)cost-plus pricing

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Definitions:

Tax Rate

The percentage at which an individual or corporation is taxed on earned income, investments, or properties.

Buyer Surplus

The difference between the buyer’s value (what he is willing to pay) and the price (what he has to pay).

Seller Surplus

The difference between price (what the seller is able to sell for) and the seller’s value (what she is willing to sell for).

Individual's Value

The worth or significance of a person, often considered in terms of their qualities, actions, and contributions to society.