Which of the Following Is Not a Requirement for a Successful

question 164

Multiple Choice

Which of the following is not a requirement for a successful price discrimination strategy?

• A)A firm must have market power.
• B)The firm must be able to prevent consumers who buy a product at a low price from reselling it to other consumers at a high price.
• C)Managers must practice yield management.
• D)Some consumers must have greater willingness to pay for the product than other consumers, and the firm must be able to know what prices consumers are willing to pay.

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Definitions:

Authenticate

The process of verifying the authenticity of a document, object, or digital file to confirm its genuineness.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to standardize the law in all 50 states.

Shelter Principle

A legal rule in property law that protects the rights of a subsequent purchaser if the initial transfer to the seller was valid.

Status

The legal condition or position of an individual or entity in relation to others or the law.