ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Promotional pricing is used when:
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The product is well established in the market
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The business wants rid of old stock
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The business has many competitors
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The product has high demand
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Explanation:
Detailed explanation-1: -Stock-based pricing, also known as inventory-based pricing, is a form of dynamic pricing that uses the amount of stock available to determine the price of the product. For many companies’ their level of stock is an important factor in determining prices.
Detailed explanation-2: -Promotional pricing drives better revenue and cash flow for the short-term. This is because of the increase in sales volume due to price reduction. The low price of individual products leads to higher revenue in bulk as larger quantities get sold.
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