Madame Tussaud's wax museum is a popular tourist attraction.The museum charges higher entry rates for tourists compared to locals.This form of price discrimination is known as ________.
A)customer-segment pricing
B)image pricing
C)location pricing
D)special customer pricing
E)special event pricing

Question

Quizplus · Accepted Answer

Customer-segment pricing involves charging different prices to different groups of customers for the same product or service, based on factors like age, occupation, or in this case, whether they are locals or tourists. Madame Tussaud's practice of charging tourists more than locals is an example of this strategy.

Madame Tussaud's Wax Museum Is a Popular Tourist Attraction