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Which pricing strategy aims to attract customers by offering no-frills, low-cost products?
  • a)
    Price Skimming
  • b)
    Captive Product Pricing
  • c)
    Economy Pricing
  • d)
    Value Pricing
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Which pricing strategy aims to attract customers by offering no-frills...
Economy pricing involves offering products at low prices with minimal marketing and promotion costs. This strategy is used to target cost-conscious consumers who prioritize affordability over features.
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Which pricing strategy aims to attract customers by offering no-frills, low-cost products?a)Price Skimmingb)Captive Product Pricingc)Economy Pricingd)Value PricingCorrect answer is option 'C'. Can you explain this answer?
Question Description
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