A One Price Policy

question 187

Multiple Choice

A one price policy:

• A) means offering the same price on all its products irrespective of the manufacturing, designing, and marketing costs.
• B) means offering the same price to all customers who purchase products under the same conditions and in the same quantities.
• C) means offering the same price to customers, but the price depends on the store which is selling the product.
• D) means offering the same price to distributors, retailers, and customers.
• E) means equating price with the per-unit cost of production.

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Definitions:

Aqueous Humor

A clear fluid found in the eye, between the cornea and the lens, that helps maintain pressure and nourishes the cornea and lens.

Depth of Focus

The range within which an image can be moved away from or closer to a lens without significantly affecting its sharpness.

Accommodation

Ability of electrically excitable tissues, such as nerve or muscle cells, to adjust to a constant stimulus so that the magnitude of the local potential decreases through time; also called adaptation.

Convergence

The tendency of unrelated animals and plants to evolve superficially similar characteristics under similar environmental conditions or the movement of eyes inward towards the nose.