The Practice of Charging Different Prices to Various Groups of Customers

question 59

Multiple Choice

The practice of charging different prices to various groups of customers that are not based on differences in the costs of production is referred to as:

• A)predatory pricing.
• B)markup pricing.
• C)discretionary pricing.
• D)price discrimination.

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Definitions:

Assessment Instruments

Tools or methods used to evaluate, measure, or quantify the characteristics or abilities of individuals.

Time Sampling

A method of observational study where data is collected at specific and regular intervals over a period to analyze the occurrence of certain behaviors or events.

Informal Assessment

An evaluation process that is less structured and may include observations, interviews, or unstandardized tests to gather information.

Assessment Instruments

Tools or devices used to evaluate or measure skills, abilities, or knowledge in various academic or professional fields.