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:

Causation

The relationship between cause and effect, where one event (the cause) is responsible for the occurrence of another event (the effect).

Experimental Study

An investigative approach that directly manipulates variables to determine cause-and-effect relationships.

Cause-and-effect Relationship

A connection between two variables where a change in one directly causes a change in the other.

Self-Esteem

The personal judgment of worthiness that is expressed in the attitudes the individual holds towards themselves.