Asked by
Juan Miguel Juguilon
on Dec 15, 2024Verified
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.
Verified Answer
SM
Learning Objectives
- Understand the significance of traditional pricing strategies in specific markets.