A flexible-price policy is most often used where products are not standardized and where bargaining is common.

Name: A flexible-price policy is most often used where products are not standardized and where bargaining is common.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A flexible-price policy allows for negotiation and adjustment of prices based on individual circumstances, which is more appropriate for non-standardized products where there may be different variables affecting the cost.

A Flexible-Price Policy Is Most Often Used Where Products Are