All categories

1 year ago

price discrimination will occur when a firm can segment its existing and potential customers into different groups based on:

Business

1 answer:

lana [24]1 year ago

8 0

Customers whose demand has a higher degree of price elasticity will pay less.

<h3>How Does Price Discrimination Occur and types of Price Discrimination?</h3>

Price discrimination is a marketing tactic where sellers charge clients various prices for the same good or service depending on what they believe will win the customer over. A merchant that practices pure price discrimination will impose the highest price possible on each customer. The more typical types of price discrimination involve the vendor classifying clients into groups according to particular characteristics and charging each group a different price.

There are three types of price discrimination:

First-Degree Price Discrimination: when a company charges the highest price per unit of consumption.

Second-Degree Price Discrimination: when a business offers discounts for large orders or imposes various prices on customers depending on how much they eat.

Third-Degree Price Discrimination: when a business charges varied prices to various customer segments.

To know more about Price Discrimination visit:

brainly.com/question/17272240

#SPJ4

You might be interested in

As the price of a resource decreases, _____. a. the supply of that resource increases b. producers are more willing and able to

solmaris [256]

Answer:

b. producers are more willing and able to hire that resource

Explanation:

In production resources are defines as various inputs in the production process of a product.

It contributes to the final product that a consumer buys and they have their various costs which are used to obtain their use.

So when the price of a resource decreases, it means that the cost of production also decreases.

There is now more outlay of cash that can be used hire that resource.

Producers are able to produce more of the final product so supply increases.

6 0

3 years ago

According to the afl-cio 2009 report, death on the job: the toll of neglect, “the full extent of occupational injuries and illne

Dmitriy789 [7]

<span>This fact indicates that a number of the injuries and illnesses taking place while working are not being reported faithfully. This might be due to a reticence on the part of the employees regarding being found out about working while sick, or it could be that businesses are worried about excess costs associated with workplace injuries.</span>

3 0

3 years ago

In an emergency situation the driver should always contact the dispatcher? True or false

Goryan [66]

Most definitely True

7 0

3 years ago

Read 2 more answers

On July 1, 2017, Lopez Company paid $2,600 for six months of insurance coverage. No adjustments have been made to the Prepaid In

MAVERICK [17]

Answer:

Date Account Title Debit Credit

Dec. 31, 2017 Insurance expense $2,600

Prepaid insurance $2,600

Date Account Title Debit Credit

Dec. 31, 2017 Supplies Expense $9,700

Supplies $9,700

<u>Working</u>

Supplies = Beginning balance + Purchases - Closing balance

= 7,800 + 3,400 - 1,500

= $9,700

5 0

3 years ago

In a capitalist economy the lenders are usually _____ and the borrowers are usually ______.

lana [24]

The answers the fit the given blanks above are FINANCIAL INTERMEDIARIES and FIRMS, respectively. In a capitalist economy, the businesses are held private and therefore, the production and the operation of the business for their profit is only owned by them.

8 0

3 years ago