What term describes a seller charging a higher price for the same product during periods of high demand?

Multiple choice question for Cost Management and Pricing Decisions. Select an option, then review the explanation below.

Explanation

Peak-load pricing refers to the strategy where sellers increase prices during times of peak demand. This differs from concepts like flexible pricing, demand elasticity, or inelasticity, which relate to how demand responds to price changes rather than timing-based price adjustments.

Practice related questions from the same subject.

1.In cost-plus pricing, what does the 'plus' represent?
2.Which pricing method involves adding a markup to the cost base to determine the final price?
3.What is the term for the method of breaking down and examining a competitor's products or operations to understand their technology?
4.What is the process called that involves a detailed analysis of the value chain to minimize expenses and enhance quality in order to satisfy customers?
5.What term describes the profit a company plans to achieve from selling each individual unit of its product?

What term describes a seller charging a higher price for the same product during periods of high demand?

Explanation

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