Examlex

Solved

ÉTienne Laspeyres Developed a Method in the Latter Part of the 18th

question 42

True/False

Étienne Laspeyres developed a method in the latter part of the 18th century to determine a weighted index using base-period weights.


Definitions:

Reference Price

The price point, set by a seller or recognized by a buyer, which serves as a standard for comparison when evaluating potential purchases.

Sales Force

A group of employees working together to sell a company's products or services.

Pricing Strategy

The method adopted by a company to set its products' or services' prices, considering the market, competition, cost, and demand.

Advertisement

A public notice especially in print, broadcast, or online, promoting the sale of goods or services.

Related Questions