Which of the following is the best description of price discrimination?
A) setting different prices for different products
B) charging different prices for quantity amounts
C) using variable costing for some products and full costing for other products when setting prices
D) charging different prices to different customers or clients for the same products or services

Question

Quizplus · Accepted Answer

Price discrimination involves charging different prices to different customers or clients for the same products or services. This strategy allows businesses to maximize profits by charging higher prices to customers who are willing to pay more, while offering lower prices to price-sensitive customers.

Which of the Following Is the Best Description of Price