Consumers Sometimes Prefer Two-Part Pricing Because

question 108

Multiple Choice

Consumers sometimes prefer two-part pricing because:

• A) prices are often perceived as quality indicators.
• B) consumers like to be in control of costs.
• C) consumers are uncertain about the number and types of activities they might use at places like an amusement park.
• D) consumers prefer a limited number of choices.
• E) prices have little or no psychological influence on most consumers.

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Definitions:

Budget Resolution

A congressional agreement about total outlays, spending by major category, and expected revenues; it guides spending and revenue decisions by the many congressional committees and subcommittees.

Congressional Agreement

A consensus reached among members of the United States Congress on a legislative matter.

Outlays

Expenses incurred or amount spent for a particular purpose.

Federal Government Budget Surplus

Occurs when a government's income exceeds its spending during a fiscal year.