Which of the Following Statements Is Correct

question 92

Multiple Choice

Which of the following statements is correct?

• A) Price discrimination is always more profitable than charging a single price.
• B) A price discriminator would want to charge the highest price to those customers with the most elastic demand for his product.
• C) To be successful, a price discriminator must assure that items can be resold between high- and low-price groups.
• D) To maximize profit, a price discriminator distinguishes groups with different demands and charges higher prices to those with the more inelastic demand.

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Definitions:

LLC Member

An individual or entity that owns a portion of a Limited Liability Company and enjoys protection from personal liability for the company's debts and obligations.

Management Decisions

The process of making choices or coming to conclusions on business matters by the management of an organization.

Limited LLC Member

A member of a limited liability company who has invested in the company but does not have a say in the day-to-day management or operations.

Management Decisions

Choices and actions taken by the management of an organization regarding its operations, strategic direction, and allocation of resources.