When an organization sets a number of prices for selected groups of merchandise, this is commonly referred to as
A)reference pricing.
B)price lining.
C)customary pricing.
D)odd-number pricing.
E)ethical pricing.

Question

Quizplus · Accepted Answer

Price lining is a pricing strategy in which an organization sets a number of prices for selected groups of merchandise. This allows customers to easily compare and choose items within their desired price range, while also providing the organization with clear pricing strategies for different product categories.

When an Organization Sets a Number of Prices for Selected