List the Three Basic Pricing Methods

question 103

Essay

List the three basic pricing methods.Name one advantage and one disadvantage associated with using each method.

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Definitions:

Economy

The system of production, distribution, and consumption of goods and services within a particular geographic region.

Looking for Work

The act of seeking employment or opportunities to earn income.

Unemployment Rate

The rate of joblessness among individuals in the labor force who are earnestly seeking employment.

Labor Force

The total number of people who are employed and those unemployed but seeking work in an economy.