When Amusement Parks Charge Customers for Admission and Later for Food

question 43

Multiple Choice

When amusement parks charge customers for admission and later for food and beverages, they are following a ________ pricing strategy.

• A) by-product
• B) product line
• C) penetration
• D) skimming
• E) two-part

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Definitions:

Cost Of Goods Sold

The immediate expenses associated with manufacturing the products a company sells, covering both materials and manpower.

Accounts Payable

Money owed by a business to its suppliers shown as a liability on the company's balance sheet.

Finished Goods Inventory

Products that have been manufactured and are ready for sale, but have not yet been sold to customers.