Asked by

Samantha Clark
on Dec 15, 2024

verifed

Verified

If demand for a class of products is elastic at a number of price points but is inelastic between these price points, which pricing approach should be chosen?

A) product-line pricing
B) skimming pricing
C) penetration pricing
D) price lining
E) odd-even pricing

Price Lining

is a pricing strategy where products are sold at a limited number of price points, each representing a distinct level of quality or features.

  • Acquire knowledge about the role and implementation of price lining across product categories.
verifed

Verified Answer

DP
David PurnomoDec 21, 2024
Final Answer:
Get Full Answer