A One-Price Policy Refers to

question 286

Multiple Choice

A one-price policy refers to

• A) 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.

---

Definitions:

Limitation

The legally specified period within which an action can be brought, such as a lawsuit or prosecution, after which legal proceedings may not be initiated.

Original Jurisdiction

The power of a court to take a case, try it, and decide it.

Appellate Jurisdiction

The power of a court to hear and decide an appeal. The authority of a court to review cases that have already been tried in a lower court and to make decisions about them without holding a trial.

Criminal

Relating to crimes or the legal system that deals with crimes and their punishments.