Customary pricing refers to
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)setting a price that is dictated by tradition, a standardized channel of distribution, or other competitive factors.
E)pricing oriented on what the market will bear.

Question

Quizplus · Accepted Answer

Customary pricing is setting a price that is dictated by tradition, a standardized channel of distribution, or other competitive factors. It is not based on the market demand or cost of production but on the principle that "this is how it has always been done."

Customary Pricing Refers to