Value-Pricing Is

question 213

Multiple Choice

Value-pricing is:

• A)the ratio of perceived benefits to price.
• B)the practice of simultaneously increasing product or service benefits and maintaining or decreasing price.
• C)the practice of simultaneously increasing product and service benefits and increasing price.
• D)the ratio of price to perceived benefits.

---

Definitions:

Cooling-Off Period

A statutorily defined period during which purchasers in door-to-door sales may change their minds and rescind a contract.

Bill of Exchange

A written order used in international trade that binds one party to pay a fixed sum of money to another party at a predetermined future date.

Cheque

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or the person/entity named on it.

Interest Act

A law governing the calculation and payment of interest due on debts or loans, to prevent usury and unfair practices.