The fact that senior citizens are charged a lower price at movie theaters than younger adults is an example of ____ pricing.
A) price-line
B) promotional
C) professional
D) differential
E) psychological

Question

Quizplus · Accepted Answer

Differential pricing refers to the practice of charging different prices for similar goods or services to different customers. In this case, senior citizens are being charged a lower price than younger adults, which is an example of differential pricing. The other options do not accurately describe this scenario.

The Fact That Senior Citizens Are Charged a Lower Price