Today, Walt Disney World Charges Different Customers Different Prices for Admission

question 31

Multiple Choice

Today, Walt Disney World charges different customers different prices for admission, even though the differences in prices are not due to differences in costs.This pricing strategy is called

• A)arbitrage.
• B)odd pricing.
• C)cost-price pricing.
• D)price discrimination.

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Definitions:

Sympathetic Division

A part of the autonomic nervous system responsible for the body's 'fight or flight' response, mobilizing energy and resources during times of stress or emergency.

Autonomic Nervous System

The part of the nervous system that controls bodily functions not consciously directed, such as breathing, the heartbeat, and digestive processes.

Metabolism

The complex set of life-sustaining chemical reactions in organisms that allows organisms to grow, reproduce, maintain their structures, and respond to their environments.

Cortisol

A steroid hormone produced by the adrenal glands, often released in response to stress and a key component in various bodily functions.