Examlex
When a satellite dish company uses bundling to combine phone, dish, and broadband Internet access prices, it is attempting to influence a consumer's perception of price to make a product's price more attractive and reduce "sticker shock." This is an example of using a ____ pricing strategy.
Subjective Standard
A criterion for judgment based on personal feelings, tastes, or opinions rather than objective facts or evidence.
Interpret Contracts
The process of determining the legal obligations and rights of the parties involved in a contract through examination of the contract's language and structure.
Genuine Assent
A true agreement to a contract evidenced by all parties' understanding and free will to enter into the contract without any deception, coercion, or undue influence.
Common Law
A body of unwritten laws based on legal precedents established by the courts, as opposed to statutes or regulations enacted by legislative bodies.
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