The Oldest of the Following Is the

question 24

Multiple Choice

The oldest of the following is the

• A) Atlantic Ocean.
• B) Tethys Sea.
• C) Andes.
• D) Himalayas.

---

Definitions:

Target Return-On-Sales Pricing

Setting a price to achieve a profit that is a specified percentage of the sales volume.

Bundle Pricing

A marketing strategy where multiple products or services are sold as a single combined package at a reduced price compared to buying each item individually.

Cost-Plus-Fixed-Fee Pricing

A pricing strategy where the seller charges the cost of production plus a fixed fee as profit.

Standard Markup Pricing

A pricing technique where the selling price of a product is determined by applying a specified percentage markup to its cost.