Question
The type of price discrimination when the organisation offers special discounts to targeted groups is called
A.
Going rate price discrimination
B.
Volume discount price discrimination
C.
First-degree price discrimination
D.
Third-degree price discrimination
A.
Going rate price discrimination
B.
Volume discount price discrimination
C.
First-degree 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 business charges different prices to different groups of consumers based on their willingness to pay, often targeting specific demographics or characteristics (such as students or seniors) with special discounts.
**D. Third-degree price discrimination**
Third-degree price discrimination occurs when a business charges different prices to different groups of consumers based on their willingness to pay, often targeting specific demographics or characteristics (such as students or seniors) with special discounts.