Asked by Sareeka Ramlal on Jun 24, 2024
Verified
Bundling is effective when the demands for the bundled products are ________ and ________ correlated.
A) different; negatively
B) different; positively
C) similar; negatively
D) similar; positively
E) identical; perfectly
Negatively Correlated
A relationship between two variables where one variable increases as the other decreases, and vice versa.
Identical
Exactly alike, without any difference.
- Comprehend the concepts of product bundling and their influence on financial gains.
Verified Answer
AG
Akeisha GidronJun 27, 2024
Final Answer :
A
Explanation :
Bundling is most effective when the demands for the bundled products are different and negatively correlated, as this strategy can appeal to a broader range of customers by offering a package that satisfies diverse needs.
Learning Objectives
- Comprehend the concepts of product bundling and their influence on financial gains.