Often a seller will establish a series of prices for a family of merchandise items.There may be several different models at specific price points but no prices in between.What is this policy called?

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This policy is called price lining, where a series of prices are established for a family of merchandise items, with specific price points and no prices in between. This allows customers to easily know what to expect for each model and makes the purchasing decision simpler.

Often a Seller Will Establish a Series of Prices for a Family