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3 May, 13:47

A restaurateur visits two restaurants with themes similar to his and prices his menu to approximate the prices charged for similar dishes at the other restaurants. What type of menu pricing tactic is he using

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Answers (2)
  1. 3 May, 13:55
    0
    Nonstructured pricing

    Explanation:

    Nonstructured pricing is also called copy cat method of pricing and involves a pricing that is based on prices charged by similar businesses for a product or service. The business copy cats the prices of competitors. On the other hand structured pricing is done based on the firm's internal determination of the value of a product.

    A restaurateur visits two restaurants with themes similar to his and prices his menu to approximate the prices charged for similar dishes at the other restaurants. He is using no structured pricing.
  2. 3 May, 17:26
    0
    Nonstructured pricing

    Explanation:

    Nonstructured pricing is a type of pricing where price is based on competitors price.
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