Asked by Haley Melton on May 29, 2024
Verified
An important lesson about pricing is
A) Do not bargain with the customer
B) When bargaining with the customer,do not bargain over the bundled price,bargain over unit price
C) When bargaining with the customer,do not bargain over the unit price,bargain over the bundled price
D) Bargain with the customer over everything
Bundled Price
A pricing strategy where multiple products or services are sold together at a single, combined price, often at a discount to purchasing them separately.
Unit Price
The cost for a single unit of a product, service, or measure of quantity, used for price comparison and economic decision making.
- Achieve insight into the notion of price discrimination and its several manifestations.
- Evaluate how firms maximize profits through price discrimination.
Verified Answer
ZK
Zybrea KnightJun 04, 2024
Final Answer :
C
Explanation :
Bargaining over the bundled price rather than the unit price can help maintain the perceived value of individual items and simplify negotiations, making it a strategic approach in pricing negotiations.
Learning Objectives
- Achieve insight into the notion of price discrimination and its several manifestations.
- Evaluate how firms maximize profits through price discrimination.
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