Charging Different Prices to Maximize Revenue for a Set Amount

question 69

Multiple Choice

Charging different prices to maximize revenue for a set amount of capacity at any given time is referred to as

• A) demand-backward pricing.
• B) target pricing.
• C) skimming pricing.
• D) yield management pricing.
• E) penetration pricing.

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Definitions:

Market Shares

Represents the percentage of an industry's sales that is earned by a particular company over a certain period, indicating the company's dominance in the market.

Hypothetical Industries

Conceptual or theoretical sectors proposed for the purpose of analysis or discussion, which may not exist in reality.

Buyer-Seller Relationships

The dynamic interaction and association between buyers and sellers, including negotiations, transactions, and ongoing communication for the purpose of exchanging goods or services.

Antitrust Laws

Legislation enacted to prevent anti-competitive practices, monopolies, and to ensure fair competition in an open-market economy.