A Restaurant Has Two Menus, One Printed in English, the Other

question 39

Multiple Choice

A restaurant has two menus, one printed in English, the other printed in the local language.The prices on the English menu are double those on the other menu.The restaurant owners believe that if you cannot read the local language, you are a foreigner and, therefore, must pay more.This is an example of:

• A)price fixing.
• B)price discrimination.
• C)predatory pricing.
• D)referral selling.
• E)resale price maintenance.

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Definitions:

Bill Of Material

An exhaustive catalog of the basic materials, elements, and guidelines for assembling, producing, or mending a product or service.

External Customer

A person or organization that receives a product or service from a business but is not part of the organization providing it.

Wagner-Whitin Algorithm

A dynamic programming approach to solve the economic lot sizing problem in inventory management, aiming to minimize costs.

MRP Lot-Sizing Technique

A method used in manufacturing to determine the quantity of materials required for production, focusing on minimizing costs while meeting production schedules.