Escalator Pricing Is

question 53

Multiple Choice

Escalator pricing is:

• A) a demand-oriented pricing tactic
• B) similar to delayed-quotation pricing
• C) similar to price shading
• D) a form of market penetration pricing
• E) also called postage stamp pricing

---

Definitions:

Section 402A

A section of the Restatement (Second) of Torts that established the principle of strict liability for defective products, making manufacturers and sellers liable for damages caused by defective products.

Implied Warranty of Fitness

A legal assumption in many jurisdictions that a product sold will be suitable for the particular purpose for which the buyer intends to use it.

"As Is"

A term specifying that an item is being sold in its current condition, with all faults and without warranty, typically in a sales contract.

"With All Faults"

A term in contracts indicating that the buyer accepts the item as is, including all defects.