Which of the Following Pricing Approaches Specifically Considers the Concept

question 95

Multiple Choice

Which of the following pricing approaches specifically considers the concept of elasticity of demand?

• A) break-even pricing.
• B) average-cost pricing.
• C) markup pricing.
• D) markdown pricing.
• E) None of these considers the concept of elasticity of demand.

---

Definitions:

Oral Stage

The first stage in Freud’s psychosexual development, characterized by an infant's pleasure centers on the mouth.

Anal

Relating to the anus or rectum, often used in the context of psychosexual stages or cleanliness habits.

Genital

Referring to the reproductive organs or the final stage of Freudian psychosexual development, where mature sexual relationships are formed during adulthood.

Phallic

Phallic pertains to the third stage in Freud's psychosexual development, focusing on the genitals and the child's identification with the same-sex parent.