one-price policy refers to
A) setting different prices for products and services depending on individual buyers and purchase situations.
B) setting the price of a line of products at a number of different specific pricing points.
C) 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

One-price policy refers to setting one price for all buyers of a product or service, regardless of individual buyers and purchase situations. This strategy ensures that all customers are charged the same price, which can promote fairness and simplify pricing for both the business and the customer.

One-Price Policy Refers to