Examlex
Which of the following is part of an economic model?
Whole Dollar Pricing
A pricing strategy where products are priced at round number amounts rather than using cents, designed to simplify pricing for consumers.
Price Maximization
A strategy aimed at setting the price of a product or service at the highest possible level at which the target segment of consumers is still willing to purchase it.
Elastic Demand
A situation where the demand for a product or service significantly changes in response to changes in its price.
Unbundling
The practice of breaking down a service or product into individual components that can be sold separately.
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