optional product pricing
Definition
A method of determining product costs whereby a business sets a low cost for its most basic product and then profits from selling more costly accessories. Optional product pricing is especially notable in the marketing of cell phones and computer printers that often have a very low initial entry price, while the cost of accessories like AC adaptors and printer ink cartridges is substantial.
Related Articles
- Are student loans a good idea? *
- Mutual Funds v. 401(k) for Retirement *
- Understanding Asset Allocation While Building a Portfolio *
- What Is A Commodity? *
- Understanding Sales Tax *
- Inflation, Interest Rates and the Fed *
- What is a Credit Union? *
- IRAs And The Economy *
Related Videos
http://www.businessdictionary.com/definition/optional-product-pricing.html
