Identify the Main Advantage of Price Lining

question 251

Multiple Choice

Identify the main advantage of price lining.

• A) It is quite similar to prestige pricing.
• B) It can simplify both buying and selling.
• C) It tends to reduce turnover rates.
• D) It results in larger inventories.
• E) It confuses customers.

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Definitions:

Legal Object

A legal object in contractual terms refers to the subject matter of the contract that must be lawful and not against public policy.

Public Policy

Principles and standards considered being in the collective interests of the community, often guiding lawmaking and government actions.

Illegal

Refers to actions or activities that violate statutory law, regulations, or common law.

Voidable

A term used to describe a contract or transaction that, while valid, may be annulled by one of the parties to the contract.