Multiple Choice
Timber Guitars, a guitar manufacturing company, launched 1000 high-quality, limited-edition guitars worldwide at a premium price of $10,000 per guitar. The company offered the lower-priced version of the same guitar after the first 1000 limited-edition guitars were sold out. In the context of pricing strategies, it can be concluded that Timber Guitars has adopted the strategy of _____.
A) penetration pricing
B) high/low pricing
C) skimming pricing
D) loss-leader pricing
Correct Answer:
Verified
Correct Answer:
Verified
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