Which of the following statements is incorrect?
A) A business that charges different prices to suppliers in different states and territories of Australia, to reflect the different transport costs of getting the product to each market, could be said to have a geographic pricing strategy.
B) Prices tend to be more negotiable in business markets.
C) A functional (or trade) discount is a price reduction provided to an intermediary that purchases large volumes of product.
D) A rebate for an intermediary based on purchase volume in a specified period is a form of quantity discount.
E) Consumer purchasing behaviour is usually based on a rational evaluation of value.
Correct Answer:
Verified
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