Imagine you have developed a device that can be used to tell whether uncooked meat has been irradiated.Several smaller retail chains have agreed to carry your product,but a large discount retailer has asked you to sell the device to it for a substantially lower price.What is the large discount retailer asking you to practise?
A) price discrimination
B) channel control pricing
C) unfair trade practices
D) price fixing

Question

Quizplus · Accepted Answer

The large discount retailer is asking for price discrimination, which is when the same product is sold at different prices to different customers or in different markets. In this case, they are asking for a lower price than the smaller retail chains, likely because they can purchase a larger quantity of the product.

Imagine You Have Developed a Device That Can Be Used