Which of the Following Is True of Price Discrimination as a Part

question 60

Multiple Choice

Which of the following is true of price discrimination as a part of international pricing strategy?

• A)The more competitors there are,the lesser consumers' bargaining power will be.
• B)The more competitors there are,the less likely consumers will be to buy from the firm that charges the lowest price.
• C)A firm may charge a higher price for its product in a country where competition is limited than in one where competition is intense.
• D)Many competitors cause low elasticity of demand.
• E)If a firm raises its prices above those of its competitors,consumers will refuse to switch to the competitors' products.

---

Definitions:

Retailers

Businesses that sell goods directly to consumers, acting as the final link in the supply chain between manufacturers and the end customer.

Mumbai Dabbawalas

A cost-effective and highly dependable service in Mumbai, India, for delivering and collecting lunchboxes.

Home-Cooked Lunches

Meals prepared at home, typically using fresh ingredients, rather than purchased from a restaurant or fast-food outlet.

Deliver

The process of transporting goods from a source location to a predetermined destination, fulfilling customer orders or supply needs.