A Video Gaming System Is Being Sold

question 32

Multiple Choice

A video gaming system is being sold.The package includes one game console,two gaming accessories,and one video game for $200,which is $60 less than what it would cost to purchase the items separately.This type of pricing is known as

• A) price skimming.
• B) loss leader pricing.
• C) price bundling.
• D) odd pricing.
• E) quantity discount.

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Definitions:

Dominant Firms

Companies that have a major proportion of market share and can influence market conditions and prices.

New Products

Goods or services that have been recently developed, introduced to the market, or significantly improved to meet consumer needs or open new markets.

Competing Products

Goods or services offered in the market that serve similar needs or desires of consumers, often leading to a choice preference based on price, quality, or other attributes.

Technological Advance

The progress or improvement in technology, leading to more efficient processes, products, or services.