Price Discrimination Exists When

question 293

Multiple Choice

Price discrimination exists when

• A) a firm charges different buyers different prices for its product but the costs are the same.
• B) each buyer is treated equally.
• C) sales are made below cost.
• D) a firm charges each buyer a price of the product in proportion to its costs.

---

Definitions:

Changing Environment

Refers to the dynamic and evolving external and internal conditions that affect organizations and individuals, necessitating adaptation and flexibility.

Bureaucratic

Describes an administrative system governing any large institution that is characterized by fixed rules, hierarchy, and a detailed division of labor.

Mechanistic Organizations

Organizations characterized by a rigid hierarchy, fixed duties, and a focus on rules, giving them a machine-like efficiency.

IT

Information Technology, the use of computers, storage, networking, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.