when an organization sells a service or product at two or more prices that do not show a proportional difference in costs is known as
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The several pricing techniques to stimulate early purchase are
a) Special event ... When an organization sells a service or product
at two or more prices that do not show a proportional difference
in costs is known as a) Customer segment ...
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Price Discrimination
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Price Discrimination
- A selling tactic known as price discrimination involves charging clients various rates for the same good or service depending on what the vendor believes they can persuade the customer to accept. When a merchant uses pure price discrimination, they charge each consumer the highest price they will agree to.
- In more prevalent types of price discrimination, the supplier divides clients into groups based on particular characteristics and assesses a different price to each group.
- When a seller discriminates on pricing, each consumer pays a different price for the same good or service.
- The business imposes first-degree discrimination by charging the highest price attainable for each consumed unit.
- Discounts for goods or services purchased in bulk constitute second-degree discrimination, whereas varying rates for various consumer groups constitute third-degree discrimination.
Hence, from the above discussion we can conclude that, when an organization sells a service or product at two or more prices that do not show a proportional difference in costs is known as Price Discrimination.
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