Which of the Following Quotes by a Store Manager Describes

question 45

Multiple Choice

Which of the following quotes by a store manager describes price discrimination in action?

• A)"Since bulk goods are cheaper to package, I can offer a lower price."
• B)"I can get a 4-litre jug of milk from the supplier for less than four 1-litre cartons, so I can sell it for less per litre."
• C)"We offer our employees a 10 percent price discount."
• D)"I offer discounts if you buy 12 apple juices in one box, although it costs me the same as if I split it up and sell them separately."
• E)"We set price equal to average variable cost."

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Definitions:

Implicit Memories

Memories that are not consciously recalled but influence behaviors and skills, such as riding a bicycle or tying shoelaces.

Rehearsal

The cognitive process of repetitively thinking about or practicing an information to aid in its retention and retrieval.

Recall

The act of retrieving information or events from the past in the absence of external cues, often measured in psychological tests.

Recognition

The cognitive process of identifying and understanding something previously learned or experienced.