A Variable Pricing Strategy Occurs Where a Business Sets and Advertises

question 115

True/False

A variable pricing strategy occurs where a business sets and advertises a fixed price but gives a discount for various reasons, such as the customer's amount purchased.

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Definitions:

Caveat Emptor

A Latin phrase meaning "let the buyer beware," indicating that the buyer assumes the risk for the quality of goods purchased, unless protected by warranty.

Former Price Comparisons

A method of evaluating the price history of a product or service to assess its current value.

High Price Tags

Items or services being sold at a high cost, indicating either premium quality, brand value, or exclusivity.

Manufacturer's Promotional Allowance

A financial incentive provided by manufacturers to retailers or distributors for promotional activities to increase product sales.