Examlex
Which of the following are the two types of central tendency measures that are pertinent to compensation?
Price Discrimination
A pricing strategy where identical or substantially similar goods or services are sold at different prices to different buyers.
Profits
Earnings that exceed the costs and expenses incurred in operating a business.
Double Marginalization
A situation where both the manufacturer and retailer markup prices, leading to higher final prices for consumers.
Manufacturer
A business that uses raw materials, components, or parts to make a finished product that can be sold in the marketplace.
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