Commodity bundling can increase a firm's profit and lower their transaction costs.

Name: Commodity bundling can increase a firm's profit and lower their transaction costs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Commodity bundling allows firms to sell multiple products or services as a package deal, which can increase their total revenue and reduce transaction costs by simplifying the purchasing process for customers. This strategy is commonly used in industries such as telecommunications and hospitality.

Commodity Bundling Can Increase a Firm's Profit and Lower Their