arrow
arrow
arrow
List I Pricing situationList II DescriptionA. Product line PricingI. Pricing optional or accessory products sold with the main productB. Optional prod
Question

Match the List-I with List-II:


List I Pricing situation
List II Description
A. Product line Pricing
I. Pricing optional or accessory products sold with the main product
B. Optional product pricing
II. Setting prices across an entire product line
C. Captive product Pricing
III. Pricing low value by product to get rid of or make money on them
D. By-Product Pricing
IV. Pricing products that must be used with the main product.

Choose the correct answer from the options given below:

A.

A-II, B-III, C-IV, D-I

B.

A-II, B-I, C-IV, D-III

C.

A-III, B-I, C-IV, D-II

D.

A-II, B-IV, C-II, D-I

Correct option is B

A. Product Line Pricing → II:
Product line pricing involves setting prices across a group of related products (entire product line) with varying features to cater to different customer needs.
Example: Different versions of a car model priced at varying levels based on added features.

B. Optional Product Pricing → I:
Optional product pricing is used for optional or accessory products that enhance the functionality or appeal of the main product.
Example: Car accessories like GPS systems or sunroofs priced separately.

C. Captive Product Pricing → IV:
Captive product pricing involves pricing products that must be used with the main product, often at a higher markup.
Example: Razor blades for razors, or ink cartridges for printers.

D. By-Product Pricing → III:
By-product pricing is used to price low-value by-products resulting from the production process to recover costs or make a profit.
Example: Selling leftover molasses from sugar production.



Free Tests

Free
Must Attempt

Basics of Education: Pedagogy, Andragogy, and Hutagogy

languageIcon English
  • pdpQsnIcon10 Questions
  • pdpsheetsIcon20 Marks
  • timerIcon12 Mins
languageIcon English
Free
Must Attempt

UGC NET Paper 1 Mock Test 1

languageIcon English
  • pdpQsnIcon50 Questions
  • pdpsheetsIcon100 Marks
  • timerIcon60 Mins
languageIcon English
Free
Must Attempt

Basics of Education: Pedagogy, Andragogy, and Hutagogy

languageIcon English
  • pdpQsnIcon10 Questions
  • pdpsheetsIcon20 Marks
  • timerIcon12 Mins
languageIcon English
test-prime-package

Access ‘UGC NET Management’ Mock Tests with

  • 60000+ Mocks and Previous Year Papers
  • Unlimited Re-Attempts
  • Personalised Report Card
  • 500% Refund on Final Selection
  • Largest Community
students-icon
353k+ students have already unlocked exclusive benefits with Test Prime!
Our Plans
Monthsup-arrow