Which of the Following​ Is Not a Lawmaking Body but Is

question 36

Multiple Choice

Which of the following​ is not a lawmaking body but is so influential that many of its voluntary rules,such as the Incoterms,are accepted as the global standard in international business?

• A)​International Chamber of Commerce
• B)​International Court of Justice
• C)​The United Nation's General Assembly
• D)​The World Trade Organization

---

Definitions:

One-price Policy

A pricing strategy where a retailer sets a fixed price for all customers, eliminating bargaining or negotiation.

Fixed-price Policy

A pricing strategy where the price of a product or service is set and not subject to change based on market fluctuations or negotiation.

Customary Pricing

Pricing strategy based on traditional costs or prices established over time within a specific industry or market for certain goods or services.

Below-market Pricing

A pricing strategy where products or services are offered at a price lower than the prevailing market rates to attract more customers or gain market share.