Which of the Following Quotes by a Store Manager Describes

question 100

Multiple Choice

Which of the following quotes by a store manager describes price discrimination in action?

• A)"Since bulk goods are cheaper to package,I can offer a lower price."
• B)"I can get a 4-litre jug of milk from the supplier for less than four 1-litre cartons,so I can sell it for less per litre."
• C)"We offer our employees a 10 percent price discount."
• D)"I offer discounts if you buy 12 apple juice cartons in one box,although it costs me the same as if I split it up and sell them separately."
• E)"We set price equal to average variable cost."

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Definitions:

Seventeenth Century

The period from 1601 to 1700 in the Gregorian calendar, marked by significant developments in sciences, arts, and the globalization of trade.

Puritans

A group of English Protestants in the 16th and 17th centuries who sought to purify the Church of England from its Catholic practices, emphasizing strict religious discipline.

Quakers

A religious group officially known as the Religious Society of Friends, known for their commitment to pacifism, simple living, and equality.

Massachusetts

Massachusetts is a state in the northeastern United States, known for its significant historical events, educational institutions, and being a leader in healthcare, technology, and innovation.