What is the term for a seller charging different prices for the same product to various customers?

Multiple choice question for Cost Management and Pricing Decisions. Select an option, then review the explanation below.

Explanation

Price discrimination occurs when a seller offers the same product at different prices to different buyers, based on factors such as customer segment or purchase conditions.

Practice related questions from the same subject.

1.In cost-plus pricing, what does the 'plus' represent?
2.Which pricing method involves adding a markup to the cost base to determine the final price?
3.What is the term for the method of breaking down and examining a competitor's products or operations to understand their technology?
4.What term describes a seller charging a higher price for the same product during periods of high demand?
5.What is the process called that involves a detailed analysis of the value chain to minimize expenses and enhance quality in order to satisfy customers?

What is the term for a seller charging different prices for the same product to various customers?

Explanation

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