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Which pricing strategy involves setting prices based on what competitors are charging for similar products or services?
  • a)
    Cost-plus pricing
  • b)
    Demand pricing
  • c)
    Competitive pricing
  • d)
    Markup pricing
Correct answer is option 'C'. Can you explain this answer?
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Which pricing strategy involves setting prices based on what competito...
Competitive pricing involves setting prices based on what competitors are charging for similar products or services in the market.
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Which pricing strategy involves setting prices based on what competitors are charging for similar products or services?a)Cost-plus pricingb)Demand pricingc)Competitive pricingd)Markup pricingCorrect answer is option 'C'. Can you explain this answer?
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