A One Price Policy Means ________

question 139

Multiple Choice

A one price policy means ________.

• A) offering the same price on all its 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 which 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:

Goods

Tangible items that are manufactured or produced for sale and use, often referring to items of merchandise or inventory.

Right of Return

The right of return is a policy that allows customers to return purchased goods within a specified period for a refund, exchange, or credit.

Sales Revenue

Income earned from the sale of goods or services before any expenses are deducted.