In the Case of Services, Captive Product Pricing Is Called

question 34

Multiple Choice

In the case of services, captive product pricing is called ________ pricing.

• A) by-product
• B) optional product
• C) two-part
• D) bundle
• E) segmented

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Definitions:

Item-by-item Arbitration

A method of arbitration where each issue in a disagreement is resolved individually, rather than addressing all issues in a single comprehensive decision.

Final Offer

In negotiations, the last proposal made by one party, after which no further negotiations are intended, usually seen in labor disputes or sales.

Permanent Strike Replacements

Workers hired to replace union members permanently during a strike, a controversial practice that can undermine union power.

Economic Strikes

Work stoppages initiated by employees to demand higher wages, improved benefits, or better working conditions from their employers.