The practice of seller to charge higher price for same market offering is classified as __________?
Correct answer: A. peak-load pricing
- A. peak-load pricing
- B. elastic pricing
- C. elastic demand
- D. inelastic demand
Explanation
Peak-load pricing charges a higher price during periods of unusually high demand or limited capacity, such as peak electricity usage. Elasticity describes customer responsiveness to price, not the pricing practice itself.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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