In an REA Model,rental Transactions Differ from Sales Transactions in That

question 15

Multiple Choice

In an REA model,rental transactions differ from sales transactions in that

• A) each rental has a part number.
• B) each rental has a unique serial number.
• C) rental transactions require completely different REA models than sales transactions.
• D) All of the above are ways in which rental transactions differ from sales transactions.

---

Definitions:

Tying

Practice of requiring a customer to purchase one good in order to purchase another.

Price Discrimination

The strategy of selling the same product at different prices to different groups of buyers, often based on their willingness to pay.

Market Power

The ability of a company or entity to influence the price and production levels in a market.

Two-part Tariff

A pricing strategy that consists of a fixed fee plus a variable charge for actual consumption.