Asked by Janninah Miller on May 10, 2024
Verified
Among the methods of nonprice rationing are
A) coupons.
B) favored customers.
C) waiting in line.
D) all of the above
Nonprice Rationing
A method of distributing goods or services when prices are not used as the distributing mechanism, typically seen in situations of shortages or price controls.
Coupons
Vouchers offering a discount on the purchase price of certain products or services, serving as a marketing strategy to increase sales or customer loyalty.
Waiting In Line
The process of queuing or standing in line as a form of allocating goods or services when demand exceeds supply.
- Identify and understand methods of nonprice rationing in the market.
Verified Answer
HA
Hannah AbrahamMay 14, 2024
Final Answer :
D
Explanation :
All of the options listed (coupons, favored customers, and waiting in line) are methods of nonprice rationing, which are ways to distribute goods or services when prices are not the primary means of allocation.
Learning Objectives
- Identify and understand methods of nonprice rationing in the market.