The price increasing technique in which companies with long lead times, do not set price until product is finished is classified as _____________?
Correct answer: C. delayed quotation pricing
- A. reduction of discounts
- B. unbundling
- C. delayed quotation pricing
- D. escalator clauses
Explanation
Delayed quotation pricing means the seller postpones fixing the price until the product is completed, which protects against cost changes during a long lead time. An escalator clause raises an already stated price according to specified cost or inflation changes.
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