A one-price policy refers to
A)setting different prices for products and services in real time in response to supply and demand conditions.
B)setting the price of an entire line of products at a single specific pricing point.
C)simultaneously setting prices for all items in a product line to cover the total cost and produce a profit for the complete line, not necessarily for each item.
D)adding a fixed percentage to the cost of all items in a specific product class.
E)setting one price for all buyers of a product or service

Question

Quizplus · Accepted Answer

A one-price policy refers to setting one price for all buyers of a product or service. This means that all customers pay the same price, regardless of their individual characteristics such as income, age or gender. It is often used as a strategy to simplify pricing and create an image of fairness and transparency for the company.

A One-Price Policy Refers to