Define: Based On Pricing

Based On Pricing
Based On Pricing
Based On Pricing FAQ'S

A: Generally, businesses have the right to change prices at their discretion, but they should provide reasonable notice to customers to avoid potential legal issues.

A: Yes, many jurisdictions have laws in place that prohibit price gouging during times of crisis, as it is considered unfair and exploitative.

A: No, false advertising is illegal, and businesses must honor the advertised price unless there is a clear mistake or disclaimer.

A: Yes, certain anti-discrimination laws prohibit businesses from charging different prices to customers based on protected characteristics such as race, gender, or religion.

A: Yes, businesses generally have the right to offer different prices to customers based on individual negotiations or loyalty programs, as long as it does not violate any anti-discrimination laws.

A: In most cases, businesses can charge additional fees or surcharges as long as they are clearly disclosed to customers before the purchase is made.

A: No, price-fixing and collusion are illegal under antitrust laws, as they restrict competition and harm consumers.

A: Yes, businesses can adjust prices based on factors such as local market conditions, transportation costs, or regional demand, as long as it does not violate any anti-discrimination laws.

A: Yes, various laws govern online pricing, including regulations on deceptive advertising, price comparisons, and disclosure of additional charges or taxes.

A: While it is generally recommended to provide an end date for discounts or sales promotions, businesses are not legally required to do so as long as they do not engage in false or misleading advertising practices.

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This glossary post was last updated: 29th March 2024.

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