Setting a Price Relatively High Compared to Similar Goods and Then

question 159

Multiple Choice

Setting a price relatively high compared to similar goods and then gradually lowering it is a pricing strategy called ______ pricing.

• A) psychological
• B) cost-based
• C) skimming
• D) penetration

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Definitions:

Fragmentation

The process or state of breaking or being broken into small or separate parts, often leading to a lack of cohesion in areas such as policy or organization.

Coherent Policy

A policy that is logically consistent and well-organized, enabling clear understanding and implementation.

Consistent Services

The delivery of products or support by organizations in a uniform, reliable manner over time to meet customers' or clients' expectations.

Vulnerable Population

Groups of individuals who are at a higher risk of experiencing social, economic, or health-related disadvantages due to various factors.