ENTREPRENEURIAL MARKETING
MARKETING MIX
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
This strategy is used when a new product is launched at a high price when people must have it.
|
|
Promotional Pricing
|
|
|
Premium Pricing
|
|
|
Demand-orientated Pricing
|
|
|
Destroyer Pricing
|
|
|
Market Skimming Pricing
|
Explanation:
Detailed explanation-1: -Skim pricing, also known as price skimming, is a pricing strategy that sets new product prices high and subsequently lowers them as competitors enter the market.
Detailed explanation-2: -Penetration pricing is a marketing strategy used by businesses to attract customers to a new product or service by offering a lower price during its initial offering. The lower price helps a new product or service penetrate the market and attract customers away from competitors.
There is 1 question to complete.