The package which consists of two or more products to be sold for single price, but components of products in package have separate stand-alone price is called ___________?
Correct answer: C. bundled product
- A. step down product
- B. dual mix product
- C. bundled product
- D. reciprocal product
Explanation
A bundled product combines two or more separately identifiable products and sells them for one combined price. The existence of separate stand-alone prices distinguishes a bundle from a single composite product.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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