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Why might Shaquille O'Neal,a 7'1" former National Basketball Association (NBA)player,hire professional movers to help him move,even though his size and strength likely make him more proficient (better)at furniture moving than the professionals he may hire?
Standard Markup
A conventional percentage added to the cost price of goods to determine their selling price.
Bundle Pricing
A pricing strategy in which several products or services are packaged together and sold at a single price, often lower than the total cost of purchasing each item separately.
Skimming Strategy
A pricing strategy where a company sets relatively high prices at the launch of a new product to maximize profits from customers willing to pay a premium.
Bundle Packaging
The practice of selling multiple products or services together as a single package deal.
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