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  • When firms charge different prices for the same product i...
Multiple choice

When firms charge different prices for the same product in different areas of the market, it is called

  1. product line oriented pricing

  2. affordability based pricing

  3. competition based pricing

  4. differential pricing

  5. penetration pricing

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Differentiation is on the basis of volume of purchase.

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