Which of the following options BEST describes an example of price lining?
A) Having the price of each individual song on an online music store be determined by length of song
B) Having the price of each individual song on an online music store be determined by popularity of the band
C) Having the price of each individual song on an online music store be determined by user auction
D) Having the price of each individual song on an online music store be determined by reverse auction
E) Having the price of each individual song on an online music store be determined by which of several categories the song falls into

Question

Quizplus · Accepted Answer

Price lining is when products are grouped into different price categories based on their features or qualities. In this case, the songs are grouped into different categories and priced accordingly. The price is not determined by length, popularity, or auction, but rather the category it falls into.

Which of the Following Options BEST Describes an Example of Price