Which of the Following Is NOT an Easy Way to Split

question 66

Multiple Choice

Which of the following is NOT an easy way to split markets in order to practice price discrimination?

• A) using age of customers
• B) releasing different versions of a product over time
• C) relying on the self-reported marital status of customers
• D) using characteristics that are correlated with a consumer's willingness to pay

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Definitions:

Standardize

To make something conform to a uniform style, size, or method, ensuring consistency and compatibility.

Global Markets

Refers to the international trading environment where goods, services, and capital flow across countries, influenced by globalization.

Customization

The process of modifying products or services to meet individual customer preferences or requirements, often leading to greater customer satisfaction.

Water Desalinization

A process that removes minerals and salts from saline water to make it suitable for human consumption and irrigation.