How To Define Price Discrimination?
A price difference is a selling strategy in which consumers pay different prices for the same product or service based on which the seller thinks the customer may agree. In the net price difference, the seller receives the maximum price from each customer that he will pay. In a general form of price discrimination, the salesperson groups customers into groups based on certain attributes and calculates a different price for each group.
- With price differentiation, sellers charge their customers the same product or service for different prices.
- With the first degree difference, the company calculates the maximum possible value for each unit consumed.
- Second-degree discrimination includes discounts for a large number of purchased products or services, while third-degree discrimination reflects different prices for different consumer groups.
Price Discrimination can be defined as, The process of suppliers receiving different prices from different customers for the same product.
Literal Meanings of Price Discrimination
Meanings of Price:
Determine how much you need to pay (to sell something)
Money is given as an expectation, need, or payment of something.
Unwanted experiences, events or actions that are necessary as conditions to achieve the desired goal.
Sentences of Price
The cost of watches in this range is 14.50
Land can be sold at a higher price.
The price of success is fighting all day long
Synonyms of Price
assess, sacrifice, value, evaluate, sum, fare, fix the price of, assay, forfeit, terms, asking price, payment, selling price, toll, estimate, total, penalty, charge, figure, amount, cost, rate, forfeiture, put a price on, fee, consequence, set the price of, appraise
Meanings of Discrimination:
Treating different types of people unfairly or negatively, including on the basis of race, age, gender or disability.
Recognize and understand the difference between one thing and another.
With a discriminator who rejects unwanted gestures, choose a signal that has the necessary characteristics, such as frequency or amplitude.
Sentences of Discrimination
Victims of racial discrimination
The difference between good and bad
The advantages of this technique over traditional single photon fluorescence are better low signal strength and better differentiation with low light energy.
Synonyms of Discrimination
inequity, intolerance, bigotry, one-sidedness, distinction, favouritism, narrow-mindedness, telling the difference, prejudice, bias, unfairness, differentiation, partisanship