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Price Discrimination Is Practiced in Different Ways in the Real

question 129

Essay

Price discrimination is practiced in different ways in the real world. Why doesn't the $5 foot-long submarine sandwich from Subway strictly meet the definition of price discrimination?


Definitions:

JIT

Just-In-Time, an inventory management strategy that aims to increase efficiency and decrease waste by receiving goods only as they are needed in the production process.

Competitive Advantage

The attribute or set of attributes that allows an organization to outperform its competitors by offering greater value to customers, either through lower prices or by providing more benefits and services.

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