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Explain the Concepts of Two-Part Pricing,price Bundling and Captive Pricing,including

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Explain the concepts of two-part pricing,price bundling and captive pricing,including examples.Why would a retailer implement these pricing strategies?


Definitions:

Bimetallic Strip

A strip made of two dissimilar metals bonded together that bends at different temperatures, used in temperature sensing or control devices.

Thermal Expansion

The increase in volume of a substance due to a rise in temperature.

Electronic Overload Unit

A protective device that monitors the current to motors and disconnects power in case of overload, preventing damage.

Overload Unit Contacts

Components within an overload relay that open or close electrical circuits to provide motor protection against excessive current.

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