What is polycentric pricing?
A) Setting prices at different rates according to negotiation centres.
B) Allowing local managers to set prices.
C) Pricing against many cost centres.

Question

Quizplus · Accepted Answer

Polycentric pricing refers to a strategy where companies allow their local or regional managers to set the prices of products or services, taking into account the local market conditions, competition, and costs. This approach recognizes the differences in consumer behavior, economic conditions, and market dynamics across different locations.

What Is Polycentric Pricing