Setting Different Prices for Products and Services Depending on Individual

question 80

Multiple Choice

Setting different prices for products and services depending on individual buyers and purchase situations is referred to as

• A)price lining.
• B)customary pricing.
• C)a flexible-price policy.
• D)price fixing.
• E)discretionary pricing.

---

Definitions:

Control Phase

In project management and process improvement, this refers to the final phase where the changes are implemented, monitored, and controlled to ensure that improvements are sustained over time.

Employee-Driven Initiatives

Programs or projects initiated by employees rather than management, often aimed at improving operations, working conditions, or community engagement.

BPI

Stands for Business Process Improvement, a systematic approach to help an organization optimize its underlying processes to achieve more efficient results.

Six Sigma

A data-driven approach and methodology for eliminating defects and improving processes in manufacturing and business operations.