The price discrimination in which the seller charges different prices for different classes for buyers is classified as ___________?
Correct answer: D. third-degree discrimination
- A. fourth-degree discrimination
- B. second-degree price discrimination
- C. first-degree price discrimination
- D. third-degree discrimination
Explanation
Third-degree price discrimination charges different prices to identifiable customer groups, such as students, seniors, or business and leisure travellers. First-degree discrimination varies the price for each individual buyer, while second-degree depends on quantity or version purchased.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About Marketing
Marketing covers how organisations identify customer needs, create value and exchange products or services through suitable markets. Key concepts include market segmentation, targeting, positioning, consumer behaviour, the marketing mix of product, price, place and promotion, branding, product life cycle and differences between marketing and selling.
Practise Marketing
1,700 free Marketing MCQs from Management Sciences, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Management Sciences questions like this
Management Sciences is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Marketing questions
The price increasing technique in which company sell goods in a bundle start, included in bundle separately is classified as __________?
The technique that allows company to determine the price which helps in yielding targeted return on investment is classified as ___________?
The first step in the procedure of setting the price is to _________?
Considering the Dutch auctions, the technique in which the auctioneer lower the announced price till bidder accepts price is used in situation of ________?
The type of auctions which considers both situations such as, many buyers and one seller or one seller and many buyers, is classified as ___
The price discrimination in which same market offers it's priced at two different levels, on the basis of consumer perception is classified as ________?