When a Firm Charges More Per Ounce for a Small

question 41

Multiple Choice

When a firm charges more per ounce for a small bottle of ketchup than for a larger one,it is engaging in:

• A) price discrimination based on observable customer characteristics.
• B) perfect price discrimination.
• C) quantity-dependent pricing.
• D) two-part tariff pricing.

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Definitions:

Theory Z

Describes a management framework emphasising long‐term employment and teamwork.

Japanese Management Models

Management practices and principles that originate from Japan, focusing on continuous improvement, long-term employment, consensus decision-making, and strong company loyalty.

North American Management

A management approach typically observed in organizations located in North America, characterized by its emphasis on decentralization, flexibility, and individual initiative.

Autonomy and Entrepreneurship

This refers to the capacity of individuals or teams to make independent decisions and pursue innovative ventures within the constraints of an organization.