ENTREPRENEURIAL MARKETING
PRICING STRATEGIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Each of the following economic factors can have a strong impact on a firm’s pricing strategy EXCEPT ____
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an economic boom
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the reseller’s reaction to price changes
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an economic recession
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inflation
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interest rates
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Explanation:
Detailed explanation-1: -What are the 4 major pricing strategies? Value-based, competition-based, cost-plus, and dynamic pricing are all models that are used frequently, depending on the industry and business model in question.
Detailed explanation-2: -Answer and Explanation: Competition-based pricing is the setting prices based on competitor’s strategies, prices, costs, and market offerings.
There is 1 question to complete.