Companies Involved in Deciding Which Items to Include in the Base

question 101

Multiple Choice

Companies involved in deciding which items to include in the base price and which to offer as options are engaged in ________ pricing.

• A)product bundle
• B)optional-product
• C)captive-product
• D)by-product
• E)skimming

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Definitions:

Consumer Arbitration Clause

A provision in a contract that requires disputes to be resolved through arbitration rather than litigation in court, often found in consumer agreements.

Class-Action Basis

A lawsuit where a group of people with similar grievances combine their complaints into a single lawsuit against a defendant, alleging common law violations.

Malpractice Case

A legal case brought against a professional, such as a doctor or lawyer, for negligence or incompetence.

Motion for a New Trial

A legal request made by a party in a trial to have the trial heard again, either in part or in full, due to errors or new evidence.