One Requirement for a Firm Pursuing a Price-Discrimination Strategy Is

question 126

Multiple Choice

One requirement for a firm pursuing a price-discrimination strategy is the ability to segment the market for its product.This means that

• A)the firm must set different prices for different regions where the product is sold.
• B)the firm must be willing to offer price discounts for senior citizens and children.
• C)the firm must be able to divide the market in a way that makes arbitrage impossible.
• D)the firm must choose a marketing strategy that appeals to different segments of the economy.

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Definitions:

Outward-Oriented Policies

Economic policies aimed at promoting international trade and investment, as opposed to inward-looking strategies focusing on domestic markets.

Productivity

The efficiency at which individuals, companies, or economies produce goods and services, usually measured as output per unit of input.

Economic Growth

An increase in the amount of goods and services produced in an economy over a period of time.

Investment

Investment refers to the allocation of resources, usually financial, in order to generate income or profit, including the purchase of assets with the expectation that it will generate payoff in the future.