Setting Different Prices for Products and Services Depending on Individual

question 84

Multiple Choice

Setting different prices for products and services depending on individual buyers and purchase situations is referred to as

• A) price lining.
• B) a flexible-price policy.
• C) customary pricing.
• D) price fixing.
• E) discretionary pricing.

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Definitions:

Note Receivable

A financial asset representing a written promise to receive a certain amount of money at a future date.

Interest Earned

The amount of income earned from depositing funds or investing in interest-bearing financial instruments.

Balance Sheet

A report cataloging a company's total assets, financial obligations, and equity owned by shareholders at a specific moment.

Services Provided

Activities performed by a company or an individual to fulfill the needs or requirements of its customers, without resulting in the ownership of any physical products.