Asked by
Doneza Alvarez
on Dec 15, 2024
Verified
Customary pricing refers to
A) a pricing method where the price the seller quotes includes all transportation costs.
B) setting the same price for similar customers who buy the same product and quantities under the same conditions.
C) deliberately selling a product below its list price to attract attention to it.
D) setting a price that is dictated by tradition, a standardized channel of distribution, or other competitive factors.
E) pricing based on what the market will bear.
Customary Pricing
Pricing strategy based on traditional costs and prices within an industry or market, often influenced by standard practices and competition.
Standardized Channel
A distribution or marketing channel that follows a uniform set of policies and procedures to ensure consistent quality and service.
Competitive Factors
Elements that determine a company's competitive advantage or disadvantage in the market, such as product quality, price, and customer service.
- Identify the criticality of conventional pricing mechanisms in selected markets.
Verified Answer
NR
Learning Objectives
- Identify the criticality of conventional pricing mechanisms in selected markets.