Setting one price for all buyers of a product or service is referred to as
A) customary pricing.
B) a fixed-price policy.
C) a dynamic pricing policy.
D) standard markup pricing.
E) uniform pricing.

Question

Quizplus · Accepted Answer

A fixed-price policy involves setting one price for all buyers of a product or service, meaning the price does not change based on the buyer or situation.

Setting One Price for All Buyers of a Product or Service