___________________ Entails Gaining a Commitment from a Customer to a Basic

question 52

Multiple Choice

___________________ entails gaining a commitment from a customer to a basic product or system that requires continual purchase of peripherals to operate.

• A)Product line pricing
• B)Captive pricing
• C)Price bundling
• D)Reference pricing
• E)Prestige pricing

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Definitions:

Methods Time Measurement (MTM)

A predetermined motion time system that analyzes the motions involved in performing a task and sets standard times for tasks, facilitating efficient work processes and time management.

Complex Motions

Intricate or complicated movements, often referring to those required in manufacturing or robotic processes.

Sampling

The process of selecting a subset of individuals or items from a larger population to estimate characteristics of the whole population.

Hawthorne Studies

A series of studies conducted in the early 20th century that examined how various factors in the workplace affected worker productivity, leading to insights in organizational psychology.