If a service firm sets a specific price for each possible job-rather than setting a standard price for all potential customers-it is most likely using:
A) product-bundle pricing.
B) a one-price policy.
C) price lining.
D) average-cost pricing.
E) bid pricing.

Question

Quizplus · Accepted Answer

Bid pricing means offering a specific price for each possible job rather than setting a price that applies for all customers.

If a Service Firm Sets a Specific Price for Each