What Type of Pricing Tactic Is Being Used When Several

question 110

Multiple Choice

What type of pricing tactic is being used when several airlines agree to charge the same fare for a single route?

• A) Horizontal price fixing
• B) Vertical price fixing
• C) Horizontal price discrimination
• D) Vertical price discrimination
• E) Loss leader pricing

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Definitions:

Voidable Title

A legal concept where a title to property or goods can be declared void at the discretion of a court, often due to issues like fraud.

UCC

Short for Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States, aimed at harmonizing laws across states.

Conditional Sales Contracts

Conditional sales contracts are agreements where the sale of goods or property is contingent upon certain conditions being met, often involving payment installments and the retention of ownership by the seller until conditions are fulfilled.

Sale-On-Approval Contracts

Contracts that allow the buyer to take possession of goods before deciding whether to complete the purchase based on satisfaction with the item.