Answer: b. second degree price discrimination
Since the school pays a different rate for the first million kilowatts consumed and a lower rate for any consumption over a million kilowatts, second degree price discrimination is at play.
When corporations or businesses sell the same product to different customers at different prices, with a view to maximize profits, price discrimination is said to occur.
There are three types of price discrimination -
First Degree price discrimination
Second Degree price discrimination
Third Degree price discrimination
First degree price discrimination occurs when the supplier sells the goods at a price the customer is willing to pay for the good.
Second Degree price discrimination occurs when the supplier establishes slabs for different quantities of goods sold. In this case, the supplier will offer a higher per unit cost for lower quantity of goods, and a lower per unit cost for a higher quantity of goods
Third degree price discrimination occurs when a firm is able to clearly divide its markets into segments. The products are positioned in each segment in a different manner.
If the scale of it were able to provide a more reliable
measure, it is expected that the score of the person in the scale would have
caused or resulted into a more relatively stable from his or her day to day
life or daily life.
Personalized products are a small manufacturing firm specializing in custom-order tool and die work. a computerized accounting system would help personalized products by helping management identify cash flow and other financial difficulties more quickly.
Customizing items to suit clients' unique requirements and preferences is known as product personalization. These personalized products may be made-to-order utilizing a conventional production process with a variety of options offered within existing parameters or they may be specially manufactured items made for a particular customer.
The majority of customers are more inclined to make purchases from a merchant who offers more pertinent messages, recommendations, and incentives as well as experiences that are more catered to their unique interests.
The company will be able to provide more items than was previously possible thanks to quicker updates, shorter time-to-market, and improved business procedures using automated and collaborative workflows.
To learn more about product personalization refer to:
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[preparing trial balance] I am suppose to be preparing a trial balance but base on the accounts and information I have, I have the cost amounts for two years. How would I do that?
