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Juan Miguel Juguilon
on Dec 15, 2024

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Another name for a fixed-price policy is

A) customary pricing.
B) a one-price policy.
C) dynamic pricing.
D) standard markup pricing.
E) uniform pricing.

One-price Policy

A pricing strategy where a retailer sets a fixed price for all customers, eliminating bargaining or negotiation.

Fixed-price Policy

A pricing strategy where the price of a product or service is set and not subject to change based on market fluctuations or negotiation.

Customary Pricing

Pricing strategy based on traditional costs or prices established over time within a specific industry or market for certain goods or services.

  • Understand the significance of traditional pricing strategies in specific markets.
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Shannon McDonaldDec 20, 2024
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