Charging Different Prices to Different Individuals or Groups for the Same

question 48

Multiple Choice

Charging different prices to different individuals or groups for the same product is called:

• A) market segmentation.
• B) price differentiation.
• C) quantity discrimination.
• D) price discrimination.

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Definitions:

Differential Organization Theory

A theoretical perspective proposing that variations in organizational structure and behavior are responses to differences in external environments.

Urban Growth

The increase in the population and expansion of infrastructure within cities, often leading to economic development as well as environmental and social challenges.

Urban Ecological Succession

A process in urban environments where ecological communities undergo changes over time, often due to human interventions or natural disturbances.

Rural Villagers

Individuals residing in small, often remote communities located in countryside areas, typically reliant on agriculture or local trades.