When Carter was invited to give a business presentation in another city, he bought a ticket right away and got a discounted fare. But when Carter’s manager decided to join the trip just two days before the presentation, she found that the airfare had doubled. Which aspect of pricing regulation did Carter and his manager potentially encounter?
(1 point)
Responses
price discrimination
price discrimination
deceptive pricing
deceptive pricing
predatory pricing
predatory pricing
price fixing
price discrimination
Which description determines a product’s break-even point?
(1 point)
Responses
units sold equaling per unit price
units sold equaling per unit price
fixed costs minus variable costs
fixed costs minus variable costs
resale value multiplied by sales
resale value multiplied by sales
total costs equaling total revenue
units sold equaling per unit price
When the COVID-19 pandemic began, it created a lot of opportunities for companies in the medical mask business, because suddenly it seemed like the whole world needed their products. If an online medical supply store raises their prices 400 percent in response to the surge in demand, which area of pricing regulation would they likely violate?
(1 point)
Responses
price discrimination
price discrimination
deceptive pricing
deceptive pricing
predatory pricing
predatory pricing
price fixing
price gouging
Garrison’s flyfishing equipment business is strapped for cash, and he’s beginning to wonder how long he can continue to operate at the current level of business activity, given his constant need for operating capital. He decides to reduce his prices across all products by 30 percent. On which pricing objective is he likely MOST focused?
(1 point)
Responses
market share
market share
sales
sales
profits
profits
status quo
market share
When Jackson needed new tires for his truck, he looked through the newspaper to see if any of the big tire dealers had sales going on. He was happy to see that one tire center was advertising the kind of tires he needed at a great price, but when got to the store, he found that those tires has sold out instantly, and the ones in stock were a lot more expensive. Which aspect of pricing regulation did he MOST likely encounter?
(1 point)
Responses
price discrimination
price discrimination
deceptive pricing
deceptive pricing
predatory pricing
predatory pricing
price fixing