While Stocking the Shelves with a New Soup,the Store Manager

question 26

Multiple Choice

While stocking the shelves with a new soup,the store manager notes a difference in price between the 16-ounce can and the 32-ounce can.Which type of pricing strategy is the soup manufacturer using? ​

• A)​unit pricing
• B)​odd pricing
• C)​price flexibility
• D)​promotional pricing
• E)​product-line pricing

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Definitions:

Mandated Price

A price set by government regulation or law, rather than determined by market forces of supply and demand.

Health Costs

Expenses related to maintaining the health of individuals, including medical care, medications, and hospital services.

Maximum Price

A price ceiling set by the government, meant to prevent prices from reaching levels considered too high.

Market Price

The current price at which an asset or service can be bought or sold.