QUESTION IMAGE
Question
generally, which type of customer receives the most benefits and discounts while shopping in a certain store?
select one:
a. customers who pay using debit/credit
b. cardholders
c. first time customers
d. customers who pay using cash
what illegal practice occurs when companies in the same industry conspire to set prices at a certain level, restricting competition?
select one:
a. leading loss
b. unit pricing
c. price fixing
d. price discrimination
For the first question: Store-specific cardholders typically get exclusive rewards, tiered discounts, and other ongoing benefits that surpass one-time perks for first-time customers or generic payment method benefits.
For the second question: The described illegal practice where competing companies collude to set prices is defined as price fixing, which violates antitrust laws by eliminating price competition.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
- b. Cardholders
- c. Price fixing