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.

---

Definitions:

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing their patterns of thought, feelings, and behaviors.

Perception

The process by which an individual selects, organizes, and interprets information to create a meaningful picture of the world.

Consistent Behaviors

Actions or responses by an individual or group that are stable over time and across different situations.

Core Values

Fundamental beliefs or principles that are central to an organization's identity and guide its actions and decision-making process.