Melt-In-Your-Mouth Candy Stores prices its candy displays at ten different price levels, ranging from $2.00 per pound to $4.95 per pound. This is an illustration of price steps.

Question

Quizplus · Accepted Answer

The statement correctly describes the concept of price steps, where prices are set at distinct levels rather than continuously. In this case, Melt-In-Your-Mouth Candy Stores has ten price levels for its candy displays.

Melt-In-Your-Mouth Candy Stores Prices Its Candy Displays at Ten Different