In Order to Be a Successful Price Discriminator, a Provider

question 10

Multiple Choice

In order to be a successful price discriminator, a provider must have a degree of market power (depicted by a downward-sloping demand curve) and meet what other condition(s) ?

• A) Prospective customers must be categorized according to willingness-to-pay.
• B) Opportunities for resale of the good or service must be limited.
• C) Customers cannot know that multiple prices are being charged.
• D) The provider must have excess capacity to accommodate the extra business.
• E) Both a and b.

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Definitions:

Job Enrichment

Enhancing a job by adding more meaningful tasks and duties to make it more rewarding and satisfying.

Acquired Needs Theory

a psychological theory that suggests human needs are developed over time based on life experiences.

Motivator-hygiene Theory

A theory stating that certain factors in the workplace cause job satisfaction (motivators), while a separate set of factors cause dissatisfaction (hygiene factors).

Hygiene Factors

Factors associated with job dissatisfaction, such as salary, company policies, and working conditions, according to Herzberg's Two-Factor Theory.