A One-Price Policy Means

question 274

Multiple Choice

A one-price policy means

• A)offering the same price on all products irrespective of the manufacturing,designing,and marketing costs.
• B)offering the same price to all customers who purchase products under the same conditions and in the same quantities.
• C)offering the same price to customers,but the price depends on the store that is selling the product.
• D)offering the same price to distributors,retailers,and customers.
• E)equating price with the per-unit cost of production.

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Definitions:

Centre-of-Gravity

A geographical point that minimizes the distance to all points in a distribution network, often used in logistics and facility location planning.

Sugar Cane Tonnage

The quantity or volume of sugar cane, typically measured in tons, which indicates the scale of production or harvest.

Lake Charles

A city located in southwestern Louisiana, United States, known for its petrochemical refining industries, casinos, and as a regional hub for culture and recreation.

Locational Cost-Volume Analysis

A method used in business to evaluate how geographical locations affect cost and production levels to optimize operations and logistics.