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The purpose of charging different customers different prices is to meet their demand elasticities.

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16y ago

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What is all about agriculture?

Its about the growing of food, for own purpose or cormmercial purpose. There are different groups such as shifting cultivations, wet rice cultivation, non-land cultivation and more.


What type of interest group is the AFL-CIO and what is its purpose?

The AFL - CIO is an alliance of labor unions, which is the largest of these groups. It promotes ethnic groups, age groups, religious groups, or gender groups.


How many types of price discrimination under monopoly?

There are three main types of price discrimination under monopoly: first-degree, second-degree, and third-degree. First-degree price discrimination involves charging each consumer their maximum willingness to pay. Second-degree price discrimination offers different prices based on the quantity consumed or product version, such as bulk discounts. Third-degree price discrimination segments consumers into different groups based on observable characteristics, charging each group a different price.


The assignment of different tasks to different people or groups is the?

Division of Labor


When can a firm charge different prices for his product?

A firm can charge different prices for its product through price discrimination, which occurs under specific conditions: when the firm has market power, when it can segment the market based on consumers' willingness to pay, and when it can prevent resale between different customer groups. Examples include charging different prices based on age, location, or purchase volume. This strategy helps the firm maximize revenue by capturing consumer surplus from various segments.

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It makes it easier to identify the different groups visually.


Who are the members of Commix?

Members of Commix are people who are of mixed races. There is no group that is officially brought together for that purpose. In that regards, Commix has found a purpose of bringing cultural groups together that are different ethnic groups.


What is segmented strategy?

Under a multiple-segment strategy, two or more different groups of potential customers are identified as target markets.


What is Multiple Segment Strategy?

Under a multiple-segment strategy, two or more different groups of potential customers are identified as target markets.


What is the purpose of interest groups and lobbyists?

The main purpose of Interest Groups is to attempt to influence politicians


What is all about agriculture?

Its about the growing of food, for own purpose or cormmercial purpose. There are different groups such as shifting cultivations, wet rice cultivation, non-land cultivation and more.


What is classifications purpose?

The purpose is to arrange things in groups of similar items


How are political groups and interest groups similar?

They each have different opinions on how things should be run and what they think the top priority should be.Both represent people who join together for a political purpose.


How do you identify and segment target customers of GE Appliances?

I would segment the customers by age and income and find what products/models were purchased in both groups then merge them into more refined groups afterwards to get a better consumer behavior model. First, segment your product lines into two or more groups then match the demographics of the customers to that.


What do Target groups refers to?

customers for whom an ad is intended -apex


What is the purpose classification?

The purpose of classification is to arrange things in groups of similar items.


Why is customer segmentation important?

This is important because without segmenting customers into different groups, it will be harder to sell your products to a certain group of market. That's why it is important to do this when selling a product.