Question 27Asked in UGC NET Computer Science, December 2014 (Paper II & III, Selected Questions)

_____ model is designed to bring prices down by increasing the number of customers who buy a particular product at once.

  1. AEconomic Order Quantity
  2. BInventory
  3. CData Mining
  4. DDemand-Sensitive Pricing
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Correct answer: (D) Demand-Sensitive Pricing

Explanation

Inventory and data mining have nothing to do with price. Economic Order Quantity (EOQ) is the order quantity that minimizes total holding and ordering costs. The demand-sensitive pricing model brings prices down as more customers buy the product at once.

From UGC NET Computer Science PYQ, December 2014 (Paper II & III, Selected Questions)

This is question 27 of UGC NET Computer Science PYQ, December 2014 (Paper II & III, Selected Questions). See all questions of this paper with answers, or attempt the paper as a timed online test to get your score and all-India rank.