What Could Be a Potential Explanation for a Firm Selling

question 83

Multiple Choice

What could be a potential explanation for a firm selling virtually identical products under different brands?

• A) Consumers are well informed about the quality of the products.
• B) Consumers believe that the products' quality is similar and thus firms are able to price discriminate.
• C) Consumers always favor private-label brands.
• D) Consumers believe that the products' quality differs and thus firms are able to price discriminate.

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Definitions:

Organizational Member

refers to an individual who is part of an organization and plays a role in its functioning, contributing to its goals and culture.

Objectives

Specific, measurable goals or targets that an individual, team, or organization aims to achieve.

Performance

An evaluation of how effectively an individual or organization executes tasks, typically assessed against a set of standards or goals.

General Cognitive Ability

A person’s basic information-processing capacities and cognitive resources.