Vending machines are a good example of what type of competition-based pricing?
A)above-, at-, or below-market pricing
B)penetration pricing
C)loss-leader pricing
D)customary pricing

Question

Quizplus · Accepted Answer

Vending machines typically use customary pricing, where the prices are set based on the typical prices of similar products in the market. There may not be a lot of direct competition, but consumers have a general idea of what certain items should cost.

Vending Machines Are a Good Example of What Type of Competition-Based