Sparkling Valley, a luxury resort, prices cottages facing the lake higher than cottages that do not, even though the cottages and services offered are identical in every other aspect. This form of pricing is called ________.
A) location-based pricing
B) time-based pricing
C) by-product pricing
D) seasonal pricing
E) captive product pricing

Question

Quizplus · Accepted Answer

This is because the pricing is based on the location of the cottages, with those facing the lake commanding a higher price due to their desirable location.

Sparkling Valley, a Luxury Resort, Prices Cottages Facing the Lake