Price Lining Refers to

question 316

Multiple Choice

Price lining refers to

• A)charging different prices to different buyers for goods of like grade and quality.
• B)setting a low initial price on a new product to appeal immediately to the mass market.
• C)setting a market price for product or product class based on a subjective feel for the competitors' price or market price as the benchmark.
• D)setting prices a few dollars or cents under an even number.
• E)setting the price of a line of products at a number of different specific pricing points.