Today, Walt Disney World charges different customers different prices for admission.This pricing strategy is called
A)arbitrage.
B)odd pricing.
C)cost-price pricing.
D)price discrimination.

Question

Quizplus · Accepted Answer

Walt Disney World uses price discrimination by charging different customers different prices for admission. This pricing strategy allows the company to maximize profits by charging customers with a higher willingness to pay a higher price and by offering discounts to those with a lower willingness to pay. This approach is common in many industries, including airlines and hotels, where prices can vary based on factors such as time of booking, demand, and customer characteristics.

Today, Walt Disney World Charges Different Customers Different Prices for Admission.This