Asked by
Hamza Bello
on Dec 15, 2024
Verified
The practice of charging different prices to different buyers for goods of like grade and quality is referred to as
A) horizontal price fixing.
B) resale price maintenance.
C) price discrimination.
D) predatory pricing.
E) bait and switch pricing.
Price Discrimination
A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider in different markets or to different customers.
Goods
Tangible products that are manufactured, produced, and offered for sale.
Quality
The measure of how a product or service either meets or surpasses the anticipations of customers.
- Examine the legal issues and regulations that influence the adjustment of prices and the application of geographical pricing.
- Acknowledge the importance of regulatory measures by the government to stop unfair pricing techniques such as price fixing and disparity in pricing.
Verified Answer
LS
Learning Objectives
- Examine the legal issues and regulations that influence the adjustment of prices and the application of geographical pricing.
- Acknowledge the importance of regulatory measures by the government to stop unfair pricing techniques such as price fixing and disparity in pricing.