"Demand-Backward" Pricing

question 185

Multiple Choice

"Demand-backward" pricing:

• A) starts with an acceptable final consumer price and works backward to what producers can charge.
• B) ignores demand estimates.
• C) is only sensible when the channel captain is a large retailer.
• D) is an average-cost pricing approach.
• E) None of these alternatives is correct.

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Definitions:

Afferent Neurons

Nerves that carry messages inward toward the central nervous system.

Efferent Neurons

Nerves that carry messages outward from the central nervous system.

Parasympathetic Neurons

Nerve cells that are part of the parasympathetic nervous system, which helps in conserving energy and slowing down the heart rate.

Node of Ranvier

Gaps in the myelin sheath of nerve fibers which facilitate the rapid conduction of nerve impulses.