A Customer Pays an Admission Fee to Get into the Local

question 12

Multiple Choice

A customer pays an admission fee to get into the local YMCA, and also a monthly membership fee. This is called:

• A) Bundling
• B) Two-part tariff
• C) Price Discrimination
• D) Block Pricing

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Definitions:

Edward Titchener

A British psychologist, who is best known for developing the school of thought known as structuralism, which aimed to understand the structure of the mind by analyzing its components.

Cornell University

is a private and statutory Ivy League research university located in Ithaca, New York.

Ph.D. In Psychology

A doctorate degree that represents advanced study and research in the field of psychology.

African American

A term referring to citizens or residents of the United States who have total or partial ancestry from any of the native populations of Sub-Saharan Africa.