Small Businesses Whose Pricing Decisions Are Greatly Affected by the Costs

question 96

Multiple Choice

Small businesses whose pricing decisions are greatly affected by the costs of shipping merchandise to customers across a wide range of geographic regions frequently employ one of the ________ techniques.

• A)opportunistic pricing
• B)geographic pricing
• C)leader pricing
• D)price lining

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Definitions:

GDP

Sum total of the monetary or market valuation of all end-stage goods and services manufactured within a nation's boundaries during a predetermined period is known as the Gross Domestic Product.

IBM

A multinational technology and consulting company known for its hardware, software, and services in computing.

Corporation

A legal entity separated from its owners, providing limited liability protection, and capable of owning property, entering contracts, and being sued.

Islamic Middle East

A region predominantly influenced by Islamic culture, history, and religious practices, spanning countries in the Middle East where Islam is a major social and political force.