Amtrak is considering two pricing strategies for its service. One ...

[naturalchemist]

Amtrak is considering two pricing strategies for its service. One is to price its train tickets so that it is less expensive to travel on weekends than during the week when there is heavy business travel, which illustrates _____ pricing. The second is to price its train tickets so that the further away the travel date, the greater the discount, which is best described as _____.
 A) demand-based; secondary market pricing
  B) demand-based; differential pricing
  C) demand-based; periodic discounting
  D) cost-plus; secondary markup
  E) cost-plus; periodic discounting

Question 2

If a product is priced based on how many or how few people want it at a particular time and place, ____ pricing is being used.
 A) markup
  B) demand-based
  C) competitive
  D) peak
  E) differential

[mammy1697]

Answer to Question 1

B

Answer to Question 2

B

[naturalchemist]

Thanks for the timely response, appreciate it

[lkanara2]

Great answer, keep it coming