Tickets to a Combined Amusement Park and Water Slide Were

question 126

Multiple Choice

Tickets to a 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:

Privacy

Refers to the state or condition of being free from unauthorized intrusion or disclosure of personal information.

Informed Consent

A process in healthcare and research, ensuring individuals are fully informed about procedures, risks, benefits, and alternatives before making a decision to participate or undergo a procedure.

Causal Relationship

A connection between two variables where a change in one variable (the cause) directly affects the change in another variable (the effect).

Research Study

A structured investigation intended to discover new information, confirm existing knowledge, or better understand a phenomenon.