McqMate
| Q. |
What is dual pricing? |
| A. | Wholesale price and Retail pricing |
| B. | Pricing by agents and Pricing by retailers |
| C. | Price fixed by Government and Price in open market |
| D. | Daily prices and Weekly prices |
| Answer» C. Price fixed by Government and Price in open market | |
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Explanation: Dual pricing is the practice of setting prices at different levels depending on the currency used to make the purchase. It may be used to accomplish a variety of goals, such as to gain entry into a foreign market by offering unusually low prices to buyers - using the foreign currency, or as a method of price discrimination. In the context of commerce, however, dual pricing refers to the sale of the same product at different prices, depending on the market. This is also known as two-tier pricing and is common in many developing nations |
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