What method explains prices to consumers, including itemized information required by regulations?

The method that provides consumers with clear prices and itemized information required by regulations is known as price labeling. Price labeling serves a dual purpose: it not only informs consumers about the price of a product but also complies with legal requirements that ensure transparency and clarity in pricing.

This method typically includes detailed information such as the cost of individual items, any applicable taxes, and potential additional fees, ensuring that consumers have all the necessary information to make informed purchasing decisions. It is essential for consumer protection, fostering trust and fairness in the marketplace.

While price quotation typically focuses on relaying a specific price or offer, it may not always encompass the comprehensive array of details required by regulations. Price comparison involves evaluating various prices across different products or services but does not inherently provide detailed itemization. The value proposition refers to the perceived benefits and value that a product offers to consumers, rather than the specific pricing structure.