The practice of charging different customers different prices for the same product or service is:

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Price discrimination refers to the act of charging different customers different prices for the same product or service. This is a common practice in business and can be based on factors such as location, age, income, and purchasing history. It is often used to maximize profits by charging customers who are willing to pay more a higher price, while still attracting cost-sensitive customers with lower prices. Job costing and product costing refer to methods of assigning costs to specific products or services, while product life-cycle and customer life-cycle are concepts related to the stages a product or customer goes through over time.

The Practice of Charging Different Customers Different Prices for the Same