Ethics of price

Ethics of price

University

6 Qs

quiz-placeholder

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Ethics of price

Ethics of price

Assessment

Quiz

Science

University

Medium

Created by

Ольга Карпенко

Used 2+ times

FREE Resource

6 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A buyer can buy two things and receive a third as a gift.  strategies are used by many popular brands, such as H&M, O'STIN, Burger King, KFC and many others.

Choose the type of price discrimination.

First degree price discrimination

Second degree price discrimination

Third degree price discrimination

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

“If everyone is equal before God, then they are equal before the price”

Who said it?

John Wanamaker

Thomas Aquinas

Adam Smith

Karpenko Olya and Kovalchuk Olesya

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Victoria's Secret brand of women's underwear: in 1996, the brand's customers received catalogs of the company's products, where different prices for goods were indicated for different buyers.

Choose the type of price discrimination.

First type of price discrimination

Second type of price discrimination

Third type of price discrimination

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Airlines that specify low base fares but add numerous fees when booking (baggage fees, seat selection fees, etc.)

It is the example of:

Price discrimination

Violation of transparency and honesty

Profit & fairness imbalance

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

When the price for a product is first sold at a very high price and then gradually lowered, it is:

Price Skimming

Big Ridding

Price discrimination

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Who introduced the theory of just price?

Nicolay Kondratiev

Kenneth Arrow

Thomas Aquinas