What pricing method involves placing a price on three distinct items such as caskets, facilities, and automobiles?

The functional pricing method is focused on breaking down the total cost of services into distinct components or items, allowing for greater transparency and flexibility in pricing. By placing a separate price on several distinct items, such as caskets, facilities, and automobiles, this method enables consumers to see exactly what they are paying for each specific service or product. This approach caters to a variety of customer needs and preferences, as clients can select specific components based on their budget and personalization desires.

This method contrasts with others that might bundle services or have a more generalized pricing structure, which would not afford the same level of clarity regarding the individual costs associated with various aspects of a funeral service. By using functional pricing, the funeral provider also fosters trust and clarity in their pricing practices, making it easier for families to make informed decisions during a difficult time.