All of the Following Conditions,except One,must Exist in Order for a Firm

question 194

Multiple Choice

All of the following conditions,except one,must exist in order for a firm to successfully practice price discrimination.Which is the exception?

• A)The firm must be a price taker.
• B)The firm must be able to identify which customers are willing to pay more.
• C)The firm must be able to prevent the resale of its output by low-price customers to high-price customers.
• D)The firm must be able to charge higher prices to some customers without losing their business.
• E)The firm must be a price setter.

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Definitions:

Performance Orientation

A focus on outcomes and results, prioritizing performance improvement and achievement of objectives.

Encourage Innovation

The act of motivating and promoting creative thinking and the development of new ideas, products, or ways of doing something.

Organizational Culture

Organizational culture consists of the values, beliefs, behaviors, and norms that characterize an organization and shape its members' actions and interactions.

Performance

The act of carrying out or accomplishing an action, task, or function, often measured against pre-determined standards or objectives.