The Local Oak Restaurant offers dinner specials daily priced at $8.00 each and typically prepares 50 units of the special entrée. The restaurant knows that at $8.00 all 50 of the entrees will be sold and some customers who arrive later in the evening may not be able to get the special. What type of pricing is the Local Oak Restaurant implementing?

The Local Oak Restaurant offers dinner specials daily priced at $8.00 each and typically prepares 50 units of the special entrée. The restaurant knows that at $8.00 all 50 of the entrees will be sold and some customers who arrive later in the evening may not be able to get the special. What type of pricing is the Local Oak Restaurant implementing?

The Local Oak Restaurant offers dinner specials daily priced at $8.00 each and typically prepares 50 units of the special entrée. The restaurant knows that at $8.00 all 50 of the entrees will be sold and some customers who arrive later in the evening may not be able to get the special. What type of pricing is the Local Oak Restaurant implementing?




demand

competitive

price lining

cost plus



Answer: demand


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