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dolphi86 [110]
1 year ago
8

Differential pricing means different buyers pay different prices for the same quality and quantity of a product.

Business
1 answer:
GaryK [48]1 year ago
5 0

Differential pricing means charging different prices to different buyers for the same quality and quantity of product. For example, many movie theaters offer discounted tickets for seniors

<h3>What is pricing?</h3>

Pricing is the process by which a company determines the price at which it will sell its products and services, and it may be part of the company's marketing strategy.

Pricing criteria represent customer or deal characteristics. Price administrators define the pricing criteria that will be used to determine their company's pricing strategy. When you define the pricing segments and pricing strategies, you use the values for the pricing criteria.

It is possible to barter. Buyers must decide whether the utility gained from the exchange is worth the loss of purchasing power. In an open market economy, price represents the value of a good/service among potential purchasers and ensures competition among sellers.

To know more about pricing follow the link:

brainly.com/question/1153322

#SPJ4

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