Customary Pricing Refers to

question 278

Multiple Choice

Customary pricing refers to

• A) a pricing method where the price the seller quotes includes all transportation costs.
• B) setting the same price for similar customers who buy the same product and quantities under the same conditions.
• C) deliberately selling a product below its list price to attract attention to it.
• D) setting a price that is dictated by tradition, a standardized channel of distribution, or other competitive factors.
• E) pricing based on what the market will bear.

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Definitions:

Profits

The financial gain obtained when the revenue from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Misconduct

Improper or unethical behavior, often violating the rules or norms of a professional environment.

Liable

Obligated by law.

Employees

Individuals hired by an organization to perform work in exchange for compensation.