pricing policy of price discrimination
DEFINITION of 'Price Discrimination'. A pricing strategy that charges customers different prices for the same product or service. In pure price discrimination, the seller will charge each customer the maximum price that he or she is willing to pay.In more common forms of price discrimination, the seller places customers in groups based on certain attributes and charges each group a different price.rice discrimination is a strategy that companies use to charge different prices for the same goods or services to different ...