Optional Product Pricing Involves Selling the Base Product at ________

question 28

Multiple Choice

Optional product pricing involves selling the base product at ________.

• A)what may be a "standard" margin and selling the options or accessories at a higher markup
• B)a high markup, with the accessories at a competitive price
• C)one price with deep discounts on accessories
• D)a high margin with the accessories offered as a part of the bundle

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Definitions:

Priority

The established order of importance or precedence among items or tasks.

Security Interest

A legal claim or lien on collateral that has been pledged, usually to obtain a loan, that provides a lender the right to repossession if the borrower defaults.

Collateral

An asset or property that a borrower offers to a lender as security for a loan.

Secured Party

An individual or entity that holds an interest in a secured transaction, typically a lender with a security interest in the collateral provided by a borrower.