Which situation does not describe standard pricing practices?
A) Aramco sells its products to all customers at prices determined by supply and demand in the world oil market
B) Tesla positions itself as a premium brand and charges similar prices in developing and developed countries
C) GE sells jet engines at a standard price in U.S. dollars in the global market
D) BMW charges higher prices for luxury SUVs in China than it charges for SUVs in the U.S.

Question

Quizplus · Accepted Answer

Charging higher prices for luxury SUVs in China than in the U.S. does not describe standard pricing practices. This is an example of price discrimination based on geographical location or market segment. Typically, standard pricing practices involve setting one price for a product or service that is applicable to all customers in a given market or geographic area.

Which Situation Does Not Describe Standard Pricing Practices