An industrial firm has been offering a single standard flat price. The sales Team has requested that the firm offer discounts to a select group of customers. In constructing the discounting policy, the pricing manager decides to consider changing the standard price as well. 

Should the standard price remain the same, be lowered, or be raised in the presence of discounting based upon the information given and nothing more?

Answer rating: 100% (QA)

The choice of whether to keep the standard value something similar lower it or raise it within the sight of limiting relies upon different variables a... View the full answer