In a Knowledge-Based Economy,many Industrial Workers Have Been Left Unemployed

question 61

Multiple Choice

In a knowledge-based economy,many industrial workers have been left unemployed and without the skills required to find good jobs.This is due to:

• A)new social problems, such as long-term unemployment
• B)new types of education, which are training workers for the knowledge economy
• C)long-standing employment patterns
• D)global trade and new forms of technology
• E)all of the above

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Definitions:

Yield Management Pricing

A pricing strategy that uses demand forecasting and flexibility in pricing to maximize revenue, often used in the hospitality and airline industries.

Dynamic Pricing

A pricing strategy where prices are adjusted in response to real-time supply and demand conditions, market volatility, or customer behavior.

Odd-even Pricing

A pricing strategy where prices are set just below a round number, e.g., $19.99 instead of $20, to create a perception of greater value.

Product-line Pricing

A pricing strategy where different products within the same category are priced differently based on features, costs, or target market segments.