Which of the Following Statements About a Flexible-Price Policy Is

question 61

Multiple Choice

Which of the following statements about a flexible-price policy is most accurate?

• A) A flexible-price policy is especially suited to low cost items where profit margins are slim.
• B) A flexible-price policy should not be used with large ticket items such as cars or real estate.
• C) When using a flexible-price policy, the seller may risk violating the Robinson-Patman Act.
• D) Flexible pricing is not a form of yield management pricing.
• E) Flexible pricing is rarely used for online purchases because of the high cost to develop information technology and data warehouses.

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Definitions:

Alternative Technologies

Alternative technologies refer to new or substitute technological solutions that differ from existing methods, often offering improvements in efficiency or sustainability.

Capital Intensive

Describes industries or businesses that require large amounts of capital investments like equipment and machinery relative to labor.

Alternative Technologies

Different or new technologies that can be used as substitutes for existing ones, often considered in the context of improving efficiency or reducing environmental impact.

Market Price

The going rate at which a commodity or service is offered for buying or selling in a trading environment.