Price Differentiation Is

question 7

Multiple Choice

Price differentiation is

• A) a form of competition-based pricing.
• B) a form of cost-based pricing.
• C) a form of demand-based pricing.
• D) focused on achieving fewer sales but at higher prices.
• E) focused on selling different goods for different prices.

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Definitions:

Commodities

Goods or services that are traded, bought, or sold.

Economy

A system of production, consumption, and distribution of goods and services within a society or geographical area.

Distribution

The process of making a product or service available for the consumer or business user that needs it, which can involve transportation, packaging, and delivery.

Production

The process of creating, developing, manufacturing, or bringing forth goods and services, typically involving both human labor and tools or machinery.