What method of price quotation prices each unit of service and/or merchandise separately?

The correct answer, itemization, refers to the method of price quotation that provides a separate price for each individual unit of service and/or merchandise. This approach allows consumers to see the individual costs associated with each item or service they are purchasing, which enhances transparency and allows for better understanding of the overall price structure. Itemization can be particularly helpful in contexts where consumers want to know the exact cost of different components, such as in invoices, menus, or price lists.

Bundle pricing, on the other hand, involves grouping several products or services together and pricing them as a single package, which does not provide individual pricing for each unit. Flat rate pricing charges a single fixed price for a service or product regardless of usage, making it fundamentally different from itemization. List pricing generally pertains to standard prices set for goods and does not entail an individual breakdown. Thus, itemization stands out as the distinct method that offers a detailed breakdown of prices for each item or service.