A retailer that sets prices for goods and services and seeks to maintain them over an extended time practices _____.
A)variable pricing
B)customary pricing
C)a one-price policy
D)price lining

Question

Quizplus · Accepted Answer

Customary pricing involves setting and maintaining prices over an extended period of time. This strategy is often used by retailers who want to maintain a consistent price point for their goods and services to build customer trust and loyalty. Variable pricing refers to changing prices based on market conditions, while a one-price policy and price lining involve setting specific prices for specific goods and services.

A Retailer That Sets Prices for Goods and Services and Seeks