Examlex
Consider the following actions undertaken by a firm: a. charging the same price for products of different quality
B. charging different prices to different consumers for the same product when the variation cannot be explained by cost differences
C. charging different prices for products of different qualities
D. charging a lower price to match a competitor's price
Which of the above will be considered price discrimination?
Account Classification
The process of organizing accounts into categories within the financial statements, based on their nature and function.
Cost-Estimation
The process of forecasting the costs associated with a particular activity, project, or product, using historical data, statistical methods, and expert judgment.
Step-Fixed Costs
Costs that remain constant for a certain level of activity, but can change to a different amount when a certain threshold is exceeded.
Relevant Range
The scope of activity within which the assumptions about fixed and variable cost behavior hold true.
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