Service Providers Use Tools Such as __________, Which Consists of Charging

question 121

Multiple Choice

Service providers use tools such as __________, which consists of charging different prices for different times of the day or during different days of the week to reflect the variations in demand for their services.

• A)scale pricing
• B)capacity pricing
• C)down-time pricing
• D)off-peak pricing
• E)fraction pricing

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Definitions:

Price

The expected fiscal outlay, necessitated, or expended in compensation for an item.

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices during a certain period of time.

Demand

The quantity of a product or service that consumers are willing and able to purchase at various price levels at a given time.

Price

The monetary amount anticipated, imperative, or tendered in exchange for something.