Which of the Following Is True of Promotional Pricing

question 16

Multiple Choice

Which of the following is true of promotional pricing?

• A) It promotes goods and services at specific price ranges based on the belief that certain prices are more appealing to consumers.
• B) It uses lower-than-normal price as a temporary component in the selling strategy.
• C) It sets a high price for products that offer unique potential ability.
• D) It uses extensive promotional allowances to get channel members to promote the product.

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Definitions:

Least Profitable

The term least profitable refers to the product, service, or business segment that generates the smallest amount of profit relative to others.

Milling Machine

A machine tool used to shape solid materials by removing excess material through rotary cutters.

Existing Capacity

Current maximum level of output or production that a facility can achieve under normal conditions.

Additional Minute

Additional Minute refers to any extra time accounted for or needed beyond what was initially planned or scheduled, often in context to services or operations.