Saturday, September 29, 2018

Types of Price Discrimination in Respect of Economics

Demand Characteristics to allow the same product to be sold on various prices unrelated to the cost of supply is called as Price Discrimination.

There are three types in price Discrimination:

1. Perfect price Discrimination - auctions
2. Market/segment based price Discrimination - age based discounts, social and economic reservations
3. Price Discrimination by self selecting - Coupons, cash back etc.

By at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

IMPACT OF SOCIETY /SOCIAL GROUPS ON PURCHASE INTENTIONS OF HOME BUYING- Consumers are the most important factor that will make any bus...

  • Supply in elasticity
    Supply in elastic:if the supply is difficult to replace the product by a substitute goods then that is known as supply-in-elastic. Example...
  • NO PROFIT WITHOUT MARKET STRUCTURE
    MARKET STRUCTURE: there are different market structures that can be characterized to an economy, without market structure any company ca...
  • Supply Elasticity
    If the supply is easy to replace by multiple suppliers then it’s known as supply elasticity. Any unskilled worker is an example of supply e...