If the price of a computer chip were the same in every market, the chipmaker would be using a __________ strategy.
A) Going-rate pricing
B) One world price
C) Local market condition price
D) Transfer price
E) Cost-based price

Question

Quizplus · Accepted Answer

If the price of a computer chip were the same in every market, the chipmaker would be using a one world price strategy. This means that the company is setting a single price for its product in all markets, regardless of local conditions. This could be due to various reasons like global competition or to simplify the pricing process.

If the Price of a Computer Chip Were the Same