Pricing policies are rules of action,or guidelines,that ensure uniformity of pricing decisions within a retail operation.

Question

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Pricing policies are designed to provide consistency and guidance to pricing decisions within a retail operation. These policies ensure that pricing decisions are made in a uniform and consistent manner, regardless of who is making the decision or the circumstances involved. By providing clear pricing guidelines and rules of action, retail businesses can avoid confusion and inconsistency in their pricing decisions, which can help to build trust and loyalty among customers.

Pricing Policies Are Rules of Action,or Guidelines,that Ensure Uniformity of Pricing