Five Pricing Practices Are Closely Scrutinized Because of Potential Unethical

question 51

Multiple Choice

Five pricing practices are closely scrutinized because of potential unethical or illegal actions.They include: (1) price fixing; (2) price discrimination; (3) deceptive pricing; (4) predatory pricing;and (5) __________.

• A)geographical pricing
• B)price discounting
• C)lateral price fixing
• D)delayed payment penalties
• E)price discrimination

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Definitions:

Lock and Key Model

A model describing how enzymes and substrates fit together with specificity, similar to a lock and its key.

Induced-Fit Model

A model describing how enzyme activity involves the binding site adapting to fit the shape of their substrates.

Allosteric Model

A model describing how the binding of a molecule to a protein at one site can affect the binding properties of the protein at a different site.

ATP

Adenosine triphosphate, a molecule that carries energy within cells, used for metabolic processes.