Selling the same goods to different targeted groups at different prices is called:

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BlackTom AI · Accepted Answer

The question asks: Selling the same goods to different targeted groups at different prices is called:

First, observe that the core concept described is charging different prices to different groups for the same product, based on factors such as demand, willingness to pay, or group characteristics rather than differences in cost.

Since no answer choices are provided, we cannot compare each option directly. However, the described practice aligns with a well-known term in economics and marketing.

Consider the scenario: a business offers identical goods to various customer segments but sets distinct prices for each group. This indicates price setting decisions intended to capture consumer surplus from different groups, rather than a uniform price across all buyers.

Even without listed options, it is useful to recall the essential criteria for price discrimination: (1) there are multiple buyer segments, (2) each segment faces a different price, and (3) the price differences are not due to cost variations of serving those segments.

With those criteria in mind, the described practice fits the concept of price discrimination, as it involves charging different prices to different groups for the same product.

If you were to evaluate several competing statements, you would check which one explicitly states that identical goods are sold to different customer groups at different prices and that the price differences are based on the group rather than production costs or quality differences.

In summary, the described pricing strategy corresponds to the general idea of price discrimination, given the key elements of grouping, differential pricing, and removal of price-based barriers to capture varying degrees of willingness to pay across groups.

ISA201_D_202610 Final Exam Spring 2025

Selling the same goods to different targeted groups at different prices is called:

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