Why Do Consumers Sometimes Prefer Two-Part Pricing

question 33

Multiple Choice

Why do consumers sometimes prefer two-part pricing?

• A) Consumers prefer a limited number of choices.
• B) Consumers like to be in control of costs.
• C) Prices have little or no psychological influence on most consumers.
• D) Consumers are uncertain about the number and types of activities that might be used at places like amusement parks.

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Definitions:

Labour Relations

The study and practice of managing relationships between employers and employees, focusing on negotiation, collective bargaining, and workplace rights.

Net Benefit

The total positive effects or gains of a project or action, after subtracting the costs or negative aspects.

Benefit-Cost Ratio

A financial metric used to evaluate the efficiency of an investment, comparing the benefits received to the costs incurred.

Return On Investment

A financial ratio intended to measure the benefit obtained from an investment relative to its cost.