For long-run pricing decisions, using stable prices has the advantage of
A)helping build buyer-seller relationships.
B)reducing the need to change cost structures frequently.
C)reducing competition.
D)minimizing the need to monitor competitors prices frequently.
E)increasing margins.

Question

Quizplus · Accepted Answer

Stable prices help build trust and reliability in buyer-seller relationships, as customers appreciate predictability and consistency in pricing.

For Long-Run Pricing Decisions, Using Stable Prices Has the Advantage