The Segmenting of Customers into Several Small Groups Such as Household,institutional,commercial,and

question 19

Multiple Choice

The segmenting of customers into several small groups such as household,institutional,commercial,and industrial users,and establishing a different rate schedule for each group is known as:

• A) first-degree price discrimination
• B) market penetration
• C) third-degree price discrimination
• D) second-degree price discrimination
• E) none of the above

---

Definitions:

Indifference Curve

A graph showing different bundles of goods between which a consumer is indifferent, illustrating varying combinations of two products that give equal satisfaction and utility.

Hamburgers

A widely enjoyed dish made of a grilled or fried patty usually made from ground beef, served within a cut-open bread roll or bun.

Indifference Curve

A graph showing different combinations of goods or services that give a consumer equal satisfaction and utility.

Pizza

A savory dish of Italian origin consisting of a usually round, flattened base of leavened wheat-based dough topped with tomatoes, cheese, and often various other ingredients.