Setting Prices a Few Dollars or Cents Under an Even

question 91

Multiple Choice

Setting prices a few dollars or cents under an even number is referred to as

• A) odd-even pricing.
• B) prestige pricing.
• C) price lining.
• D) above-, at-, or below-market pricing.
• E) every day fair pricing.

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Definitions:

Nonproductive Time

Periods when production or work is not being done, often due to machine downtime, maintenance, or breaks.

Bottleneck Operation

A stage in a production process that causes a slowdown due to limited capacity, affecting the overall efficiency and output of the process.

Split-off Point

The stage in a manufacturing process where joint products can be recognized as separate products.

Total Revenues

The total income generated by a company from its normal business operations.