When a Company Charges Different Prices for the Same Product

question 22

Short Answer

When a company charges different prices for the same product to different customers it is referred to as price __________ .

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Definitions:

Cultural Capital

The non-financial social assets that promote social mobility beyond economic means, including education, intellect, style of speech, dress, or physical appearance.

Ruling Class Culture

The norms, values, and lifestyle practices predominant among the most powerful social or economic class in a given society.

Total Institution

A place of residence and work where a large number of like-situated individuals, cut off from the wider community for a considerable time, together lead an enclosed, formally administered round of life.

Supervised

Being under the direction or oversight of someone else, often in a work or learning environment, to ensure tasks are completed correctly or to facilitate learning.