A Pricing Tactic Whereby a Firm Sets a High Price

question 27

Multiple Choice

A pricing tactic whereby a firm sets a high price to convey an image of high quality or uniqueness is known as

• A) skimming pricing.
• B) penetration pricing.
• C) variable pricing.
• D) prestige pricing.

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Definitions:

Trite Phrases

Refers to expressions that have been overused to the point of losing their original meaning or effectiveness, often seen as clichéd.

Buzzwords

Popular or trendy words or phrases often used in specific industries to impress or persuade others.

Analyze the Audience

The process of understanding the characteristics, needs, and expectations of those who will receive a message or information.

Simple Sentence

A sentence structure that contains only one independent clause and no dependent clauses, expressing a complete thought.