Question

The New Age Gallery has different admission prices for students, adults, and seniors. All three groups are entitled to the same services. This form of pricing is called ________?

1) time-based pricing
2) location pricing
3) customer-segment pricing
4) revenue management pricing
5) generational pricing

Answer 1

Customer-segment pricing is the correct answer. It is a pricing strategy where different prices are charged to different customer segments for the same product or service.

Step-by-step explanation:

The correct answer is customer-segment pricing. Customer-segment pricing is a pricing strategy where different prices are charged to different customer segments for the same product or service. In this case, the New Age Gallery charges different admission prices for students, adults, and seniors, based on their customer segment.