Setting One Price for All Buyers of a Product or Service

question 234

Multiple Choice

Setting one price for all buyers of a product or service is referred to as __________.

• A) customary pricing
• B) one-price policy
• C) flexible-price policy
• D) standard markup pricing
• E) uniform pricing

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Definitions:

Income Distribution

The way total income is shared among individuals or groups within an economy or organization.

Net Income

A company's total earnings or profit; calculated as revenues minus expenses, taxes, and the cost of goods sold.

Personal Use

Utilization of property or goods in a manner primarily for the individual's own consumption, enjoyment, or benefit, rather than for business or commercial purposes.

Capital Contributions

Monetary or non-monetary assets that are provided to a company by its owners or shareholders to increase its equity.