When Panera Bread opened Panera Cares Cafe, they implemented a pricing model that allowed consumers to pay what they wished for their items. This pricing model is referred to as:
A)profit maximizing
B)self-sustaining
C)name your price
D)profit minimizing

Question

Quizplus · Accepted Answer

The pricing model implemented by Panera Cares Cafe is referred to as "name your price," as customers are given the freedom to choose how much they want to pay for their items. This model is not focused on profit maximization or minimization, but rather on creating a self-sustaining system where customers are able to pay what they feel is fair, and the cafe is still able to cover its costs.

When Panera Bread Opened Panera Cares Cafe, They Implemented a Pricing