ENTREPRENEURIAL MARKETING
PRICING STRATEGIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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price is based on competitor’s strategies, costs, and market offerings:
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cost-based pricing
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customer-value based pricing
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competition-based pricing
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None of the above
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Explanation:
Detailed explanation-1: -Answer and Explanation: Competition-based pricing is the setting prices based on competitor’s strategies, prices, costs, and market offerings.
Detailed explanation-2: -Competition-Based Pricing Definition Competition-based pricing involves adjusting one’s prices based on competitors’ prices. Setting prices according to factors such as rivals’ tactics, expenses, and market offers is an example of pricing based on competition.
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