The Practice of Selling the Same Product at Different Prices

question 91

Multiple Choice

The practice of selling the same product at different prices in different markets, without corresponding differences in costs, is:

• A) price discrimination.
• B) privatizing.
• C) monopolizing.
• D) output prioritizing.

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Definitions:

Workplace Change

Modifications to the working environment, processes, or culture within an organization, often aimed at improving efficiency, productivity, or worker satisfaction.

Workplace Efficiency

The extent to which an organization utilizes its resources optimally to produce the highest quantity and quality of goods and services with the least waste.

Social Partnership

Describes a collaborative relationship between employers, employees, and often the government, aimed at achieving shared economic and social goals.

Workplace Flexibility

Policies and practices that allow employees some measure of control over when, where, and how work is completed, aiming to balance work and personal responsibilities.