Which of the Following Is an Example of an Off-Peak

question 90

Multiple Choice

Which of the following is an example of an off-peak pricing strategy?

• A) An apparel brand charges prices containing odd numbers.
• B) A computer manufacturer offers select software and games free of cost.
• C) A music band sells its songs online by asking buyers to pay any desired amount for a given commodity.
• D) A telecommunication company charges different tariffs at different times.

Understand the concept of pure rent and its relationship to factors of production in fixed supply.

Identify the effects of changes in the value of land use on the supply of land for different purposes.

Appreciate the economic principles underlying the determination of land values and prices in different locations.

Learn the significance of market competition and how it influences factor markets and prices.

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Definitions:

FOB Shipping Point

A shipping term indicating that the buyer assumes transportation costs and risk of loss once the goods leave the seller's premises.

Consignee

The individual or entity designated to receive goods being shipped or transported, who may not be the actual owner of the goods until certain conditions are met.

Consignment

A business arrangement in which goods are left in the possession of another party to sell, but ownership remains with the supplier until the goods are sold.

Inventory Items

Goods and materials that a business holds for the ultimate goal of resale or production in the course of operations.