When a small business practices price lining,it most commonly carries lined merchandise in sets of ________ different ranges.
A)2
B)3
C)4
D)5

Question

Quizplus · Accepted Answer

Price lining involves offering a limited number of predetermined price points for a specific product or category. The most common approach is to offer merchandise at three different price points, typically high, medium, and low. Therefore, a small business practicing price lining would carry lined merchandise in sets of three different ranges.

When a Small Business Practices Price Lining,it Most Commonly Carries