The action of selling the same product at different prices to different buyers, in order to maximize sales and profits.
More example sentences
- Contributions and purchases of tie-in products effectively allow price discrimination even if different purchase prices cannot be maintained.
- Information products that are less time-sensitive can exploit the time-based price discrimination approach to maximize profits over time as well as capture profit from both new and repeat customers.
- If a monopolist is going to exercise a crude form of price discrimination and set different prices for groups of consumers an obvious division might be between the Member States.
Definition of price discrimination in:
- The US English dictionary