Microsoft Word is often available as a "student edition" at a lower price but with limited functionality. This is BEST described as an example of
A) bundling.
B) intertemporal pricing.
C) peak-load pricing.
D) versioning.

Question

Quizplus · Accepted Answer

Versioning is the strategy of offering a product in different versions or editions, often with varying features, quality, or limitations, to cater to different market segments or price sensitivities. The "student edition" of Microsoft Word at a lower price with limited functionality is an example of versioning, where a less feature-rich version is offered at a lower price to attract students who are sensitive to price but still need the product.

Microsoft Word Is Often Available as a "Student Edition" at a Lower