Consider the Following Actions Undertaken by a Firm

question 41

Multiple Choice

Consider the following actions undertaken by a firm:
a) charging the same price for products of different quality
b) charging different prices to different consumers for the same product when the variation cannot be explained by cost differences
c) charging different prices for products of different qualities
d) charging a lower price to match a competitor's price
Which of the above will be considered price discrimination?

• A)a, b, and d only
• B)b and d only
• C)a and b only
• D)a, b, c, and d

Investigate the role of social institutions and theories in legitimizing certain sexual behaviors.

Assess the implications of sex tourism on global economy and local societies.

Appreciate the significance of activism in shaping sexual rights and norms.

Understand how sexual identities are influenced by social interaction and are subject to change.

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Definitions:

Unsought

Refers to products that consumers do not typically think about buying or do not know exists until they see them.

Specialty

Signifies a particular area of expertise or a focus on a specific type of product or service that a business offers, distinguishing it from competitors.

Brand Loyalty

The tendency of consumers to continuously purchase one brand's products over another, often due to positive experiences and perceived value.

Shopping Product

Goods that consumers purchase and select after comparing quality, price, and style from several sellers, spending considerable effort in making decisions.