Tickets to the Combined Amusement Park and Water Slide Were

question 154

Multiple Choice

Tickets to the combined amusement park and water slide were $49 for the day.Then the company gave customers the option to purchase tickets for either the amusement park or the water slide for $18.To help keep costs in line,the park management also began charging its customers a small parking fee.Initially,the cost of parking was figured into the $49 price.The amusement park is using:

• A) price lining
• B) potential (or base)pricing
• C) unbundling
• D) professional services pricing
• E) price maintenance

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Definitions:

Antagonize

To annoy; to arouse opposition.

Truth in Lending Act

A United States federal law designed to promote the informed use of consumer credit, requiring disclosures about its terms and cost.

Closed-end Credit

A type of loan where a borrower receives a fixed amount of money to be repaid with interest by a specified date or in installments.