Final answer:
The best example of product pricing among the given options is 'C. Dollar Menus,' which reflects a pricing strategy where items are offered at a fixed price point. The case of Coolshirts selling t-shirts at $9 each and the BLS's calculation of CPI using diverse product prices further illustrate product pricing strategies.
Step-by-step explanation:
The term product pricing refers to the strategy of setting the price for a product, considering factors like production costs, competition, market demand, and perceived value. An example of product pricing can be seen with the t-shirt company Coolshirts, which sells t-shirts at a price of $9 each. This simple scenario demonstrates unit pricing, where the company has determined a fixed price for each item they sell. If we look at the provided options, the best example of product pricing is C. Dollar Menus. This is because a dollar menu represents a pricing strategy by which a restaurant offers items at a fixed price point, typically to attract budget-conscious consumers and to compete with other affordable options in the market. In the context of market research and statistics, when a study finds that the mean amount spent on produce per visit by customers is $12.84, it represents a statistic. This is because it is a measure that describes a characteristic of a sample, which is a subset of the population being studied. Similarly, the Bureau of Labor Statistics (BLS) calculates the Consumer Price Index (CPI) by examining the prices of a basket of goods, including many examples of product pricing strategies across a broad range of items.