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.

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Definitions:

Financial Statements

Financial reports that summarize the effects of events on a business.

Horizontal Analysis

Financial analysis that compares an item in a current statement with the same item in prior statements in terms of the amount and percentage of change.

Base Year

A specific year chosen as a point of comparison for financial or economic data over time.

Current Position Analysis

The evaluation of a company’s ability to pay its current liabilities.