What pricing structure provides two separate prices for services and merchandise?

Prepare for the Pittsburgh Institute of Mortuary Science Test with interactive quizzes and detailed explanations. Enhance your knowledge and get ready to excel on your exam!

The correct pricing structure that provides two separate prices for services and merchandise is known as bi-unit pricing. This method differentiates between the cost of the funeral or memorial services themselves and the cost of any merchandise, such as caskets or urns.

In bi-unit pricing, one price reflects the charge for the services rendered by the funeral home, while the other price pertains to the tangible products offered. This approach allows families to see clearly what they are paying for services such as preparation, transportation, and the use of facilities, in addition to the specific costs of merchandise. It helps families understand the total expense in a more transparent manner and provides them with the flexibility to choose services and products based on their own needs and budget.

The other pricing structures mentioned do not separate services and merchandise in this way. Unit pricing, for instance, generally combines the cost of both services and merchandise into a single price. Functional pricing relates to categorizing different types of service costs but does not create a distinct separation like bi-unit pricing does. Double seal does not pertain to pricing structures; it refers more to airtight sealing methods used in the context of caskets.

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