Unlike Needs Hierarchy Models, Recent Studies Suggest That

question 79

Multiple Choice

Unlike needs hierarchy models, recent studies suggest that

• A)all needs are learned rather than formed from innate drives.
• B)values, self-concept, and social identity influence a person's unique needs hierarchy.
• C)everyone has the same needs hierarchy.
• D)physiological and safety needs are always the lowest level needs.
• E)people do not have a needs hierarchy.

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Definitions:

Anticompetitive Price Discrimination

Pricing strategies by firms that unreasonably differentiate prices among customers or regions to eliminate competition or create a monopoly.

Price Discrimination

The strategy of selling the same product or service at different prices to different groups of consumers, based on their willingness to pay.

Clayton Act

A law enacted in 1914 to promote competition and prevent monopolies and unfair business practices in the United States.

Antitrust Laws

Laws designed to promote competition and prevent monopolies by regulating business practices that may restrain trade or lead to an unfair concentration of market power.