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प्रश्न
The State Electricity Board sells electricity at cheaper rates for domestic use than for commercial use. Given statement shows an act of ______.
पर्याय
Product differentiation
Price discrimination
Consumer exploitation
Price determination
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उत्तर
The State Electricity Board sells electricity at cheaper rates for domestic use than for commercial use. Given statement shows an act of Price discrimination.
Explanation:
In order to ensure that electricity is affordable for homes, the State Electricity Board implemented a strategy that involves charging varied tariffs. This strategy also supports small businesses and generates cash from commercial consumers to support infrastructure development and electricity delivery.
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