The practice by seller, about offering same product at different prices, to the different customers is known as __________?
Correct answer: B. price discrimination
- A. price incurrence
- B. price discrimination
- C. price targeting
- D. price engineering
Explanation
Price discrimination occurs when a seller charges different prices to different customers for the same or substantially similar offering. The difference is based on customer or market conditions rather than a change in the product itself.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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