Examlex
Real estate agents often say that the three most important factors to consider when buying a home are "location,location,and location." Why do you think they make this statement?
Robinson-Patman Act
An American federal statute that forbids practices that hinder competition among producers, notably price discrimination.
Price Discrimination
A pricing approach in which the same provider charges different prices for products or services that are identical or very similar, depending on the market.
Reference Pricing
The practice of setting a price point for a product or service based on the cost of comparable alternatives in the market.
Original Price
The initial selling price of a product or service before any discounts or promotions are applied.
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