Another Name for a One-Price Policy Is

question 44

Multiple Choice

Another name for a one-price policy is

• A) customary pricing.
• B) fixed pricing.
• C) dynamic pricing.
• D) standard markup pricing.
• E) uniform pricing.

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Definitions:

Agent

An individual or organization empowered to represent another party (known as the principal) in transactions with third parties.

Principal

The original sum of money borrowed in a loan, or the amount of the investment before earnings or losses.

Law

A system of rules created and enforced through social or governmental institutions to regulate behavior and ensure justice and order in society.

Independent Contractors

Workers who provide services to a business under terms specified in a contract or agreement, without being considered employees of the business.