The rules of action or guidelines that ensure uniformity of pricing decisions within a retail operation are know as the retailer's pricing:
A) tactics.
B) rules.
C) policies.
D) strategies.
E) objectives.

Question

Quizplus · Accepted Answer

The rules or guidelines that ensure uniformity of pricing decisions within a retail operation are commonly referred to as pricing policies. Pricing tactics are the specific methods or approaches used to implement these policies, while pricing strategies are the broader plans that guide pricing decisions over the long term. Objectives refer to the goals that a retailer sets for its pricing efforts. Therefore, the best choice is C, policies.

The Rules of Action or Guidelines That Ensure Uniformity of Pricing