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Dr Robert Lawson performs heart surgery and charges a flat fee of 5000. The operation itself may require only four hours, resulting in a hefty

Dr Robert Lawson performs heart surgery and charges a flat fee of £5000. The operation itself may require only four hours, resulting in a hefty £1250 hourly rate. Dr. Lawson justifies the fee because of the lengthy education and internship required to learn the complex procedures of a heart operation. What pricing policy is the surgeon using? Explain.

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Dr Robert Lawson is using a costbased pricing policy This pricing strategy involves setting prices b... blur-text-image

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