Which of the Following Is an Example of Agency Pricing

question 35

Multiple Choice

Which of the following is an example of agency pricing?

• A) A department store gets a cut on the selling price of a product, which is set by the product's manufacturer.
• B) A retail store purchases merchandise from a manufacturer and sells the merchandise at whatever prices it wishes to charge.
• C) The government of a country sets the minimum price for certain agricultural products to cover the costs incurred by the farmers.
• D) A manufacturer and a retailer work in a collaborative manner to decide the price of the final product.
• E) The government of a country sets the maximum price for a certain product that retailers cannot exceed.

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Definitions:

Natufians

A prehistoric culture located in the Levant, around 12,000 to 9,500 BC, known for their early adoption of sedentism and plant cultivation.

Neolithic Transition

The shift from hunting and gathering societies to agriculture and settlement, marking the beginning of the Neolithic Age.

Oasis Theory

A theory about the transition to agriculture, proposing that people started farming in areas where natural resources were abundant, like oases.

Agriculture

The science, art, and practice of cultivating plants and livestock, marking a key development in the rise of sedentary human civilization.