The primary component of a successful central market auction system is: A. Establishing a widely accessible market with standardized contracts B. Buyer and sellers agreeing to adjustment factors for quality C. Buyer and sellers agreeing on a third-party base price D. Both B and C
Customary Pricing
There are various types of pricing strategies followed in the market. They are psychological pricing, odd pricing, free onboard pricing, customary pricing, prestige pricing, dual pricing, ruling pricing, negotiated pricing, mark up pricing, etc. each one can be explained as follows:
Multiple Unit Pricing
“Multiple-unit pricing is a practice where a company offers consumers a lower than unit price if a specified number of units are purchased.”
The primary component of a successful central market auction system is:
A. Establishing a widely accessible market with standardized contracts
B. Buyer and sellers agreeing to adjustment factors for quality
C. Buyer and sellers agreeing on a third-party base price
D. Both B and C
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
