In class, we considered the example of tuition at KSU. We looked at the $85 College of Business Undergraduate Program Fee. What aspect of "price" did this represent?
a.
It is the "list price" for these services.
b.
This represents a "discount" on the cost being in the College of Business.
c.
The $85 represents an "add on" to the published tuition in the form of an "extra fee."
d.
The $85 is actually a form of "scholarship" that reduces the real tuition paid.
e.
This IS the tuition.
Answer: The $85 represents an "add on" to the published tuition in the form of an "extra fee."