Setting Different Prices for Products and Depending on Individual Buyers

question 178

Multiple Choice

Setting different prices for products and depending on individual buyers and purchase situations is referred to as

• A)price lining.
• B)a flexible-price policy.
• C)customary pricing.
• D)price fixing.
• E)discretionary pricing.

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Definitions:

Temporary Dipole

A temporary dipole occurs when there is a short-lived imbalance of electron density within a molecule, causing a temporary separation of charges.

Intermolecular Force

The forces of attraction or repulsion which act between neighboring particles (atoms, molecules, or ions).

Dispersion Forces

Weak forces resulting from temporary polarization of molecules due to the movement of electrons, also known as London dispersion forces.

Van Der Waals

Weak forces of attraction between molecules, named after Dutch physicist Johannes Diderik van der Waals, significant in the properties of gases and liquids.