Match Each Item with the Correct Statement Below

question 69

Multiple Choice

Match each item with the correct statement below.
-A(n) _____ is a price reduction offered to a consumer or a business buyer in return for prompt payment of a bill.

• A)competitive bidding
• B)penetration pricing strategy
• C)list price
• D)trade discount
• E)price flexibility
• F)promotional pricing
• G)loss leader
• H)cannibalization
• I)bundle pricing
• J)odd pricing
• K)transfer price
• L)profit center
• M)skimming pricing strategy
• N)competitive pricing strategy
• O)pricing policy
• P)market price
• Q)noncumulative quantity discount
• R)step out
• S)bot
• T)cash discount

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Definitions:

Socioeconomic Status

Socioeconomic status is a measure of an individual's or family's economic and social position in relation to others, based on income, education, and occupation.

Complexity

The state of having multiple interconnected parts or elements, leading to a system or problem that is difficult to understand, predict, or navigate.

Tightness

In psychology, often refers to the strictness of social norms and the level of sanctioning within cultures or groups.

Toughness

The quality or state of being strong and resilient mentally or physically, often in the face of hardship or adversity.