Dictionary Home »
The American Heritage Dictionary of Business Terms » price discrimination
price discrimination
price discrimination definition - business
price discrimination
Charging different prices to different consumers for the same good or service. Price discrimination requires that the seller be able to effectively segment markets, or else buyers at a low price will be able to profit by selling to other buyers being charged a higher price. Price discrimination is regularly practiced by airlines that sell seats on the same plane at many different prices. See also dumping 2.
The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
Comments
Improve this definition.
Browse dictionary definitions near price discrimination
Share on Facebook