Answer the Following Questions

question 29

Essay

Answer the following questions.
a. What are the two basic requirements for price discrimination?
b. Assuming the two basic requirements for price discrimination are met, match the situation in the left column of the following table with the appropriate pricing strategy in the right column.

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Definitions:

Benchmarking

The act of evaluating company operations and performance standards against the top achievers in the industry and the optimal practices of other businesses.

Spiritual Fulfillment

Experiencing a deep sense of peace, purpose, and meaning in life, often related to personal beliefs or practices.

Ultimate End

The ultimate end refers to the final goal or objective that an action or series of actions is intended to achieve, often considered in philosophical contexts to discuss the purpose of life or actions.

Scatter Diagram

A graphical representation used in statistics to show the relationship between two variables, where each point on the diagram represents the values of two variables.