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Which pricing strategy involves offering a product or service at a very low price with minimal marketing and promotion costs?
  • a)
    Premium Pricing
  • b)
    Psychological Pricing
  • c)
    Economy Pricing
  • d)
    Price Skimming
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Which pricing strategy involves offering a product or service at a ver...
Economy pricing is characterized by offering products at a no-frills, low price. Marketing and promotional expenses are kept minimal to reduce costs. Budget airlines and some supermarket products often adopt this strategy to cater to price-sensitive consumers.
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Which pricing strategy involves offering a product or service at a very low price with minimal marketing and promotion costs?a)Premium Pricingb)Psychological Pricingc)Economy Pricingd)Price SkimmingCorrect answer is option 'C'. Can you explain this answer?
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Which pricing strategy involves offering a product or service at a very low price with minimal marketing and promotion costs?a)Premium Pricingb)Psychological Pricingc)Economy Pricingd)Price SkimmingCorrect answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Which pricing strategy involves offering a product or service at a very low price with minimal marketing and promotion costs?a)Premium Pricingb)Psychological Pricingc)Economy Pricingd)Price SkimmingCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which pricing strategy involves offering a product or service at a very low price with minimal marketing and promotion costs?a)Premium Pricingb)Psychological Pricingc)Economy Pricingd)Price SkimmingCorrect answer is option 'C'. Can you explain this answer?.
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