Saturday, September 8, 2018

Price discrimination


Concept:
Price discrimination is nothing but when two or more similar products are sold in the market but with different prices then that situation is called price discrimination.
EXAMPLE:
On explaining this with a perfect example ice creams is being bought in many different geographical regions but those brands are being sold at different prices.
Here on relating this with price discrimination, the final output product or the product bought by the customers is ice cream. But where is the price is being considered it varies from place to place and brand to brand.

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