Temporary discounts offered to customers by competitive retailers usually reflect:
A)output rationing.
B)a rise in market demand.
C)price discrimination.
D)a fall in input prices.

Question

Quizplus · Accepted Answer

Temporary discounts offered by competitive retailers usually reflect price discrimination, which means offering different prices to different customers based on their willingness to pay. It is a strategy to increase sales by attracting customers who may not have been willing to pay the regular price. This does not necessarily involve output rationing, a rise in market demand or a fall in input prices.

Temporary Discounts Offered to Customers by Competitive Retailers Usually Reflect