Which pricing innovation, first widely implemented in the 1860s, revolutionized retail by eliminating haggling and introducing standardized pricing for all customers?

Before modern supermarkets and department stores emerged, retail pricing was a completely different experience. One revolutionary pricing innovation fundamentally transformed how consumers shopped and how retailers operated, setting the foundation for modern retail as we know it today. This pricing strategy eliminated the common practice of haggling and price negotiation that had dominated commerce for centuries. Test your knowledge about this pivotal moment in retail history that changed shopping forever.

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Fixed price tags (introduced by John Wanamaker's department store)
Subscription-based pricing (introduced by Montgomery Ward)
Loss leader pricing (introduced by F.W. Woolworth)
Tiered pricing systems (introduced by Marshall Field's)