When you order a new laptop from Future Shop's online store the price is $550.00.However,when you head to a Future Shop store,you realize that the exact same laptop is priced at $600.00.This pricing discrepancy is referred to as:
A)price lining.
B)customary pricing.
C)a flexible-price policy.
D)price fixing.

Question

Quizplus · Accepted Answer

A flexible-price policy allows for different prices in different channels of distribution. In this case, the online store and physical store have different prices for the same product. This is not an example of price lining, which involves setting different price points for different products within the same category. Customary pricing refers to pricing based on tradition or accepted norms, while price fixing is an illegal practice of conspiring with competitors to set prices.

When You Order a New Laptop from Future Shop's Online