The practice of charging each and every consumer the price she is willing and able to pay for a good or service describes:_________.
i. personal pricing.
ii. second-tier price discrimination.
iii. first-degree price discrimination.
iv. perfect price discrimination.

Respuesta :

It should be noted that Personalized pricing serves as a practice of charging each and every consumer the price she is willing and able to pay for a good or service.

What is Personalized pricing?

Personalized pricing  can be regarded as a practice of price discrimination whereby a final consumers behavior is based on personal characteristics and conduct.

As a result if this, each consumer is being charged a price that is a function of his willingness of payment.

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