Phony list prices misleading prices that customers are shown to suggest that the price they are to pay has been discounted from list. Price discrimination injuring competition by selling the same products to different buyers at different prices. Price fixing competitors illegally getting together to raise, lower, or stabilize prices. Profit maximization objective an objective to get as much profit as possible. Quantity discounts discounts offered to encourage customers to buy in larger amounts.
Rebates refunds to consumers after a purchase.
Robinson-Patman Act a 1936 law that makes illegal any price discrimination if it injures competition. Sale price a temporary discount from the list price. Seasonal discounts discounts offered to encourage buyers to buy earlier than present demand requires. Target return objective a specific level of profit as an objective. Trade-in allowance a price reduction given for used products when similar new products are bought.