Another name for a fixed-price policy is
A)customary pricing.
B)one-price policy.
C)dynamic pricing.
D)standard markup pricing.
E)uniform pricing.

Question

Quizplus · Accepted Answer

A fixed-price policy is also known as a one-price policy where the same price is charged to all customers for a particular product or service. The other options are not appropriate as they are different pricing strategies. Customary pricing involves pricing based on tradition or established practices in a particular market or industry, dynamic pricing involves setting different prices based on demand or other factors, standard markup pricing involves adding a fixed percentage markup to the cost of a product. Uniform pricing is also similar to fixed-price policy but it focuses more on charging the same price for different products within a category.

Another Name for a Fixed-Price Policy Is