Universal pricing is the opposite of price discrimination — one price is offered for the good or service. This is usually preferred by consumers over tiered pricing. For example, the European Union is currently making efforts to set a single-price protocol for automobile sales.
Read more about this topic: Price Discrimination
Famous quotes containing the word universal:
“Vanity, or to call it by a gentler name, the desire of admiration and applause, is, perhaps, the most universal principle of human actions.... Where that desire is wanting, we are apt to be indifferent, listless, indolent, and inert.... I will own to you, under the secrecy of confession, that my vanity has very often made me take great pains to make many a woman in love with me, if I could, for whose person I would not have given a pinch of snuff.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)