In Omnichannel Retailing, What Visible Element Must Often Be Adjusted

question 131

Multiple Choice

In omnichannel retailing, what visible element must often be adjusted because of competition faced in different channels?

• A)supply chain
• B)return policies
• C)pricing
• D)distribution
• E)place

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Definitions:

Price Discrimination

A pricing strategy where identical or similar goods or services are sold at different prices by the same provider in different markets or to different segments of consumers.

Producer Surplus

The difference between what producers are willing to sell a product for and the actual price they receive, representing extra benefit or profit for producers.

Single-Price Monopolist

A monopolist that offers its product to all consumers at the same price.

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices to different customers.