A fixed price policy-one price for all buyers-is a relatively modern idea that arose at the end of the nineteenth century.

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The fixed price policy, also known as the "one price system," emerged in the late 1800s with the rise of department stores and the growth of mass production. Prior to this, prices were often negotiable and varied from person to person based on factors such as social status and bargaining skills.

A Fixed Price Policy-One Price for All Buyers-Is a Relatively