Jenna Sells Ice Creams at the Beach Each Summer

question 34

Multiple Choice

Jenna sells ice creams at the beach each summer.Each bar of ice cream costs her 20′.She adds on an additional 20′ to each bar to pay for electricity for the freezer,napkins,and her time,finally selling her ice creams at 40′ a bar.In this scenario,Jenna uses _____.

• A)bundle pricing
• B)rate-of-return pricing
• C)odd-even pricing
• D)markup pricing

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Definitions:

Secret Profit

A financial benefit that an individual or entity gains without disclosing it to the relevant parties, typically in situations where there is a duty to disclose such benefits.

Business Transaction

An economic event with a monetary impact on an entity's financial statements, often involving the exchange of goods or services.

Actual Authority

The express and implied powers granted by a principal to an agent to act on their behalf.

Duty to Serve

The obligation of certain entities to provide services to all potential customers within a specified area or domain, often used in the context of utilities or public services.