An example of a retailer using customary pricing would be:
A) a local barber shop maintaining the price of a haircut at $9.00.
B) a local hardware store promising to undersell the competition by at least 1 percent.
C) Wal-Mart promising to always have the lowest prices in town.
D) setting a price at $4.99 instead of $5.00.
E) charging different consumers different prices.

Question

Quizplus · Accepted Answer

Customary pricing refers to the practice of maintaining the same price for a product or service over a period of time. A local barber shop maintaining the same price for a haircut is an example of customary pricing.

An Example of a Retailer Using Customary Pricing Would Be