In What Pricing Strategy a New Product Is Offered for a Heavily

question 40

Multiple Choice

In what pricing strategy a new product is offered for a heavily discounted price (or free) to attract more customers?

• A)introductory offer
• B)skimming
• C)customer-led pricing
• D)psychological pricing

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Definitions:

Life Tenant

An individual who has the right to use or occupy a property during their lifetime but does not own the property.

Waste

The act of using or expending resources carelessly, extravagantly, or to no purpose.

Fee Simple Absolute

The highest and most complete form of land ownership, granting the owner unlimited rights to the property.

Conditional Estate

An interest in property that is dependent on the occurrence or non-occurrence of a specified condition.