Crude oil is priced the same in every market by OPEC which uses a __________ strategy.
A)Going-rate pricing
B)One world price
C)Local market condition price
D)Transfer price
E)Cost-based price

Question

Quizplus · Accepted Answer

The company assigns one price for its products in every global market. In theory, this approach enables a company to standardize other elements in the marketing mix and simplifies financial forecasting. In reality, this strategy is not followed very often.

Crude Oil Is Priced the Same in Every Market by OPEC