Price Differentiation Attempts to Sell

question 131

Multiple Choice

Price differentiation attempts to sell

• A) different products with different features at the same price.
• B) identical products at different times at different prices.
• C) products at lower prices, due to economies of scale unintentionally resulting in lower net income for the company.
• D) products to customers based on their ability to pay.
• E) all products at different prices.

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Definitions:

Double Billing

Billing more than one client for the same billable time period.

Billable Hours

The amount of time a professional, such as a lawyer, charges their client for, based on the hours they work on a specific case or project.

Fee Splitting

Fee splitting refers to the practice of sharing fees among different professionals, such as lawyers or doctors, which is often regulated due to ethical concerns.

Nonbillable

Nonbillable refers to time or activities related to a job or profession that cannot be charged to a client as part of services rendered.