cosmetology schools allow their advanced students to style hair for "real world" clients for a reduced fee.The students benefit from the experience,the clients get a less expensive haircut,and the school is able to provide students with additional training without costing it anything; in fact,they even profit from it.This is an example of
A) value-pricing.
B) societal pricing.
C) revenue sharing.
D) barter.
E) cost-assist pricing.

Question

Quizplus · Accepted Answer

The scenario describes value-pricing, which involves offering reduced prices to customers in exchange for reduced service levels or additional benefits, such as the opportunity to train students. In this case, the school is able to provide a valuable service to customers at a reduced cost while also benefiting from the experience gained by its students.

Cosmetology Schools Allow Their Advanced Students to Style Hair for "Real