________ is a technique which greatly simplifies the pricing function by setting the same price for items with similar characteristics.
A)Odd pricing
B)Leader pricing
C)Price lining
D)Geographical pricing

Question

Quizplus · Accepted Answer

Price lining is a technique that simplifies the pricing function by setting the same price for items with similar characteristics. For example, a clothing store may have a price lining strategy where all t-shirts are priced at $10, all shorts are priced at $20, and all jackets are priced at $50. This makes it easier for customers to understand the pricing structure and compare prices between different products.

________ Is a Technique Which Greatly Simplifies the Pricing Function