Pricing a Product at the Average Price Charged by an Industry

question 75

Multiple Choice

Pricing a product at the average price charged by an industry is called _____ and is popular for homogeneous products.

• A)sealed-bid pricing
• B)bundle pricing
• C)odd-even pricing
• D)going-rate pricing

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Definitions:

Functionalism

A perspective in sociology and anthropology that sees society as a complex system whose parts work together to promote stability and social order.

Prejudice

An unfavorable opinion or feeling formed beforehand or without knowledge, thought, or reason, often based on stereotypes.

Discrimination

Unjust or prejudicial treatment of individuals, often based on race, age, sex, or other characteristics.

White Privilege

The societal advantages that benefit people who are perceived as white, beyond what is commonly experienced by non-white people under the same social, political, or economic circumstances.