Examlex
Suppliers are more likely to be powerful relative to the firms to which they sell their goods and services if:
Price Discrimination
The practice of charging different prices for the same product or service to different consumers, based on what each is willing to pay.
Senior Citizens
Individuals of an advanced age, often defined as being 65 years old or older, who may have different social, economic, and healthcare needs.
Walmart
An American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores, known for its scale and efficiency in supply chain management.
Price Discrimination
The business strategy of selling the same product to different customers at different prices based on their willingness to pay.
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