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.

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Definitions:

Cash Investment

A financial contribution made in the form of cash, often to purchase securities, assets, or fund business operations.

Salary Allowances

Payments in addition to the basic salary, intended to cover specific expenses or compensate for particular conditions of employment.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and losses from total revenue.

Partner

A partner is an individual or entity engaged in a partnership, sharing the profits, losses, and management responsibilities within the business agreement.