Which of the Following Is Not a Type of Service

question 101

Multiple Choice

Which of the following is not a type of service wholesaler?

• A) General merchandise
• B) Cash-and-carry
• C) Specialty
• D) Single-line
• E) General-line

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Definitions:

Prestige Pricing

A pricing strategy where items are priced higher than their actual value to invoke a sense of exclusivity or luxury.

Demand-oriented

A pricing strategy focused on consumer demand factors; prices are set at levels that are believed to stimulate demand.

Pricing Approach

A pricing approach refers to the strategy a business employs to set the prices for its products or services, considering factors like cost, demand, and competition.

Skimming Pricing

A pricing strategy involving setting high initial prices for a new product to maximize revenue layer by layer from segments willing to pay the high price.