Charging Different Segments of the Market Different Prices Is Called

question 50

Multiple Choice

Charging different segments of the market different prices is called ______.

• A) value-based pricing
• B) price discrimination
• C) cost-oriented pricing
• D) diversity pricing

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Definitions:

Bonus Mark

Additional points awarded to students beyond their regular assignment or test scores, usually as a reward for extra efforts or to acknowledge participation.

Independent Variable

In research, the variable that is manipulated or changed to observe its effect on a dependent variable.

Dependent Variable

In an experiment or study, the variable that is being tested and measured, often to see the impact of variations in the independent variable.

Randomization

In an experiment involves assigning each individual by chance processes.