Match Each Item with the Correct Statement Below

question 212

Multiple Choice

Match each item with the correct statement below.
-The amount a consumer actually pays for a product is called _____.

• A)competitive bidding
• B)penetration pricing strategy
• C)list price
• D)trade discount
• E)price flexibility
• F)promotional pricing
• G)loss leader
• H)cannibalization
• I)bundle pricing
• J)odd pricing
• K)transfer price
• L)profit center
• M)skimming pricing strategy
• N)competitive pricing strategy
• O)pricing policy
• P)market price
• Q)noncumulative quantity discount
• R)step out
• S)bot
• T)cash discount

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Definitions:

Unbundling

The practice of separating a service or product into individual components which can be sold or provided separately, often seen in legal services, healthcare, and telecommunications.

Patient Relapse

The occurrence of a patient returning to substance use or behavioral problems after a period of recovery or improvement.

Paul Wellstone

Was an American academic, author, and politician who served as a United States Senator from Minnesota from 1991 until his death in 2002 and was known for his advocacy on mental health and addiction issues.

Mental Health Parity

The principle that insurance benefits for mental health conditions should be equal to benefits for physical health conditions.