________ Is the Practice of Charging a Higher Price for the Same

question 10

Multiple Choice

________ is the practice of charging a higher price for the same product or service when demand approaches the physical limit of the capacity to produce that product or service.

• A) Price discrimination
• B) Peak-load pricing
• C) Demand-based pricing
• D) Customer preference pricing

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Definitions:

Entrepreneurial Organisations

Businesses characterized by innovation, risk-taking, and proactiveness, often focused on opportunities for growth and dynamic market engagement.

Growth Stage

A phase in a company's lifecycle characterized by a rapid increase in sales, profits, and expansion.

Life Cycle

The series of changes that a living thing goes through from the beginning of its life until its death, or in products, from its creation to its disposal.

Entrepreneurial Organisations

Companies characterized by innovation, risk-taking, and proactive strategies for exploiting market opportunities.