Private golf courses charge members an initial membership fee and monthly green fees. This is an example of two-part pricing.

Question

Quizplus · Accepted Answer

Two-part pricing involves charging customers an upfront fee as well as ongoing prices for usage or consumption of the product or service. In this case, the initial membership fee is the upfront fee and the monthly green fees are the ongoing prices for using the golf course.

Private Golf Courses Charge Members an Initial Membership Fee and Monthly