Asked by David Ojalvo on Sep 28, 2024
Which of the following is NOT a type of pricing objective?
A) survival
B) elasticity
C) market skimming
D) product positioning
Pricing Objective
A goal that guides a business in setting the price of its products or services, often aimed at maximizing profitability, market share, or other metrics.
Market Skimming
A pricing strategy that involves setting high prices initially to target early adopters and then gradually lowering the price to attract more price-sensitive customers.
Product Positioning
The process of establishing and maintaining a certain image or impression of a product or brand in the minds of the target market.
- Differentiate among various pricing objectives and their significance in formulating marketing tactics.
Learning Objectives
- Differentiate among various pricing objectives and their significance in formulating marketing tactics.
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