Marginal Economics

1, Price Discrimination, the basic of charge discrimination A set strategy that kickings customers different prices for the same output or service. In pure price discrimination, the seller will charge from each one customer the maximum price that he or she is unforced to pay. In more common forms of price discrimination, the seller places customers in groups based on certain attributes and charges each group a different price On Basis of Image: Same product usher out be packaged differently and can be priced differently basically product like perfume can be packed differently and can be priced differently as gift item. The same perfume bottle which literal cost may be of 5 dollars can be packaged intelligently to price them as most worthful gift product and can be charged 50 dollars and high age technology product where masses odor high price means high quality and term symbol can be charged differently with small changes in color, packaging and designing. Examples: electronics products, garments, jewelry and other luxurious products. On Basis of Time : Airline industry may charge differently as per time of reservation, reservation for same tickets in two months advance may be lower than the price before one month before departure date.

alike(p) strategy can be adopted by some service industries to push the customer to avail the service during the retard hours. Example: Mobile telecommunication services during the night time, hotels booking, field of study entertainment, etc. On Basis of Place: Same books priced low in Asian countries than developed countries, Foods and oil prices are different in different state and place, as it happened for petrol price on bum of different city state and countries. Distance from intend of production, rental charges, raw material charges leads to price differences on basis of cost of production. On Basis of Age and Gender: On basis of age, Railways, Airline price differently, offering discounts to aged people above sixty or children below... If you want to get a full essay, order it on our website: Orderessay

If you want to get a full essay, wisit our page: write my essay .