Question
The type of price discrimination when the organisation offers special discounts to targeted groups is called
A.
First-degree price discrimination
B.
Volume discount price discrimination
C.
Going rate price discrimination
D.
Third-degree price discrimination
A.
First-degree price discrimination
B.
Volume discount price discrimination
C.
Going rate price discrimination
D.
Third-degree price discrimination
Answers
GPT-4o mini
The correct answer is:
**D. Third-degree price discrimination**
Third-degree price discrimination occurs when a company charges different prices to different groups of consumers based on their willingness to pay or other characteristics, such as age, student status, or membership in certain organizations.
**D. Third-degree price discrimination**
Third-degree price discrimination occurs when a company charges different prices to different groups of consumers based on their willingness to pay or other characteristics, such as age, student status, or membership in certain organizations.