Question 43 2 pts Lyft raises ride-sharing fares when more people need rides and vice versa. This is referred to as surge pricing Ostatus quo pricing satisfactory pricing O pricing based on perceived satisfaction Question 44 2 pts The higher the price, the fewer goods or services consumers will demand. Conversely, the lower the price, the more goods or services they will demand. True False Question 41 2 pts Grande Communications offers a lower price to customers who subscribe to Grande television, telephone, and internet services all at once. This is an example of O price bundling bait pricing O odd-even pricing or psychological pricing loss-leader pricing Question 42 2 pts Adequate distribution for a new product can often be attained by offering a larger than usual profit margin to distributors having different model or serial numbers for products allowing customers to get involved in showrooming decreasing the trade allowance to dealers to stimulate demand Question 39 2 pts Some artificial intelligence (AI) pricing software will raise prices on an item when it learns, from a competitor's website, that the competitor has run out of a similar item. True O False Question 40 2 pts Which statement is true of the relationship of price to quality? When a purchase decision involves uncertainty, consumers tend to attribute higher quality to low priced products Consumers' perception that a higher price indicates higher quality seems to vary from one product to another. In the absence of other information, people typically assume that if prices are higher this rarely indicates higher quality. O Price promotions of higher-priced, higher-quality brands tend to attract more business than do similar promotions of lower-priced and lower quality brands