What term refers to the price of an item per ounce, pound, or other accepted unit of measure?

The correct answer is unit pricing, as this term specifically pertains to the cost of an item expressed per standard unit of measurement, such as an ounce or a pound. Unit pricing allows consumers to easily compare the prices of different products and sizes, facilitating informed purchasing decisions. By presenting prices on a consistent basis, unit pricing helps shoppers evaluate the best value for their money, regardless of package size or brand.

Bulk pricing, while related to buying larger quantities often at a discounted rate, does not focus on the cost per unit of measure. Market pricing refers to the price determined through the supply and demand dynamics in a marketplace and is not associated with per unit measurements. Retail pricing is a broader term that indicates the selling price set by retailers, which may or may not reflect unit pricing. Consequently, unit pricing is the most appropriate term for the concept of pricing items based on standard units of measure.