The practice of tying is used to:
A)enhance the enforcement of the Trade Practices Act
B)package products to sell at a combined price closer to a buyer's total willingness to pay
C)encourage the enforcement of collusive agreements
D)control the retail price of a collection of related products

Question

Quizplus · Accepted Answer

Tying is a pricing strategy where a seller offers two or more products for sale as a single combined package. This is done to increase the total price a buyer is willing to pay for the products, as the buyer perceives more value in purchasing the bundle rather than individual products.

The Practice of Tying Is Used To