To Maximize Profits, Service Providers Use Tools Such as __________

question 263

Multiple Choice

To maximize profits, service providers use tools such as __________ to charge different prices for different times of the day or week to reflect the variations in demand for their services.

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

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Definitions:

Pull Marketing

A strategy that aims to create demand for products and services, drawing consumers to the brand.

Brand Image

The perception or belief held by consumers about a brand's qualities, attributes, and characteristics.

Luxury Watchmaker

A company or individual that designs, manufactures, and sells high-quality, often handmade, watches that are considered to be status symbols.

High-end Watches

Luxury watches that embody superior quality, craftsmanship, and design, often representing status and wealth.