A Business Products Producer Which Has Given Its Salespeople the Right

question 197

Multiple Choice

A business products producer which has given its salespeople the right to adjust prices when necessary to get new business is using a ______________ policy.

• A) flexible-price
• B) target-return pricing
• C) penetration pricing
• D) one-price
• E) skimming pricing

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Definitions:

Simple Random Sampling

A sampling method where each member of a population has an equal probability of being selected into the sample.

Sample Mean

The sample mean is the average value of a sample of data, calculated by summing all data points and dividing by the number of points.

Random Variable

A variable whose values depend on outcomes of a probabilistic phenomenon.

Population Mean

The average of a set of values or measurements in the entire population.