Which of the Following Is Not a Requirement for a Successful

question 164

Multiple Choice

Which of the following is not a requirement for a successful price discrimination strategy?

• A)A firm must have market power.
• B)The firm must be able to prevent consumers who buy a product at a low price from reselling it to other consumers at a high price.
• C)Managers must practice yield management.
• D)Some consumers must have greater willingness to pay for the product than other consumers, and the firm must be able to know what prices consumers are willing to pay.

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Definitions:

Antidepressants

Medications designed to treat depressive disorders by correcting chemical imbalances of neurotransmitters in the brain.

Cognitive Therapy

A form of psychotherapy that emphasizes the restructuring of negative and distorted patterns of thought to alter emotions and behavior.

Drug Therapy

The treatment of diseases or disorders by administering pharmaceutical drugs.

Behavior Therapy

A type of psychotherapy that focuses on changing undesirable behaviors through conditioning techniques.