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Which of the following statements about a flexible-price policy is false? Group of answer choices a.This flexible-price policy may be used when selling a car. b.Flexible pricing is common in most U.S. supermarkets. c.When using a flexible-price policy, the seller may risk violating the Robinson-Patman Act. d.Flexible pricing may result in race and gender discrimination. e.A flexible-price policy may be used when selling a house.

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ebrightosagie

Answer: b.Flexible pricing is common in most U.S. supermarkets.

Explanation: Flexible pricing this is a practice of pricing a product or service by act of negotiations between buyers and sellers, within a certain range. It is one of many different pricing techniques used by management to boost demand. e.g buying a car or house the price can be negotiated.

Unfortunately supermarkets use what is known as “zone price” what this means is that prices is usually dependent on neighborhood or region, the more competitive the region the lower it's price

Lanuel

The statement about a flexible-price policy that is false is: B. Flexible pricing is common in most U.S. supermarkets.

A flexible-price policy can be defined as a policy which allows for the pricing of a good (product) or service through series of negotiation between buyers and sellers, especially within a certain price range.

Generally, this pricing policy is commonly used by revenue management strategy organizations.

Some of the characteristics of a flexible-price policy include the following:

  • It is a pricing policy that may be used when selling a car, shoe, house, etc.
  • A seller may risk violating the Robinson-Patman Act when using a flexible-price policy.
  • It is a pricing policy that may result in race and gender discrimination by the buyer.

In the United States of America, most supermarkets use a one-price policy rather than a flexible-price policy.

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