Southern gardeners have a preconceived idea on what they will pay for pine bark mulch that they buy at their local gardening supply store to keep the weeds down in their gardens.If the price being charged is not within a narrow range that they feel is appropriate,they will make substitutions-newspaper,grass clippings,or some other kind of ground covering.When pricing pine bark mulch,a garden supply retailer should use:
A)customary pricing.
B)above-, at-, or below market pricing.
C)loss-leader pricing.
D)penetration pricing.

Question

Quizplus · Accepted Answer

Customary pricing is used when consumers have a set expectation of what a product should cost, as is the case with Southern gardeners and pine bark mulch.

Southern Gardeners Have a Preconceived Idea on What They Will