Which of the following BEST describes single-price selling?
A) It does not benefit the retailer.
B) It is most effective when used during an inflationary period.
C) It encourages clerical errors.
D) It removes price comparisons from the buyer's decision-making process.

Question

Quizplus · Accepted Answer

Single-price selling means that all items sold in a store are priced the same, regardless of their cost or demand. This removes price comparisons from the buyer's decision-making process, making it easier for the buyer to make a purchase without having to spend time comparing prices. This can be beneficial for the retailer as it simplifies pricing and can lead to increased sales. It is not necessarily more effective during an inflationary period, nor does it encourage clerical errors.

Which of the Following BEST Describes Single-Price Selling