A fixed-price policy refers toA) setting different prices for products and services in real time in response to supply and demand conditions.B) setting the price of an entire line of products at a single specific pricing point.C) simultaneously 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

A fixed-price policy refers toA)  setting different prices for products and services in real time in response to supply and demand conditions.B)  setting the price of an entire line of products at a single specific pricing point.C)  simultaneously 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.

Natália Pavani · Accepted Answer

Final Answer : E, Explanation :  A fixed-price policy involves setting one price for all buyers of a product or service, regardless of any other factors.

Definitions

Learning Objectives

Learning Objectives

Related questions