Customary pricing is:
A)a pricing method where the price the seller quotes includes all transportation costs.
B)setting the same price for similar customers who buy the same product and quantities under the same conditions.
C)deliberately selling a product below its list price to attract attention to it.
D)a method of pricing a product based on tradition, standardized channels of distribution, or other competitive factors.

Question

Quizplus · Accepted Answer

Customary pricing is a method of pricing a product based on tradition, standardized channels of distribution, or other competitive factors. This means that the price is determined based on what is typically charged for similar products within the industry, rather than being based on actual costs or market demand. The other options describe different pricing methods, but do not accurately reflect customary pricing.

Customary Pricing Is