"Demand-Backward" Pricing

question 185

Multiple Choice

"Demand-backward" pricing:

• A) starts with an acceptable final consumer price and works backward to what producers can charge.
• B) ignores demand estimates.
• C) is only sensible when the channel captain is a large retailer.
• D) is an average-cost pricing approach.
• E) None of these alternatives is correct.

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Definitions:

Alcoholics

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Antabuse

A pharmaceutical drug used primarily to support the treatment of chronic alcoholism by producing an acute sensitivity to ethanol.

Alcoholic

A person with an addiction to alcohol characterized by compulsive and uncontrolled consumption of alcoholic beverages despite negative effects on their health, social life, and personal relationships.

Harm Reduction

Harm reduction is a set of practical strategies and ideas aimed at minimizing negative health, social, and legal impacts associated with various human behaviors, both legal and illegal.