Captive Pricing Is Not Common in the Service Sector

question 95

True/False

Captive pricing is not common in the service sector.

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Definitions:

Ratify

To formally approve or confirm an agreement or treaty, making it officially valid.

Misrepresentation of Age

The act of intentionally providing a false age or date of birth, usually for the purpose of obtaining certain rights or privileges not available to one's true age.

Incompetent Person

Refers to an individual who is legally declared unable to handle their own affairs due to mental incapacity or illness.

Reasonable Value

The fair or market price of goods or services, considered to be a fair compensation in legal contexts.