Charging Different Prices During Different Times of the Day or During

question 78

Multiple Choice

Charging different prices during different times of the day or during different days of the week to reflect variations in demand for a service is referred to as

• A)capacity pricing.
• B)idle production pricing.
• C)customer contact pricing.
• D)derived demand pricing.
• E)off-peak pricing.

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Definitions:

Consensus

The general agreement or collective unanimity among members of a group or society.

Hereditary Leadership

A system of governance or organizational leadership where authority is passed down through family lines.

Traditional Authority

Traditional authority is a form of leadership in which power is derived from established customs, cultural heritage, and historical precedence.

Tertiary Sector

A segment of the economy focused on providing services rather than producing goods, including sectors like retail, entertainment, and financial services.