Multiple Choice
If Norelco introduced a new electric razor that sonically removes hair and priced it first at $175 and then at $150 before reducing the price to $100, the firm's initial pricing strategy is known as
A) penetration pricing.
B) psychological pricing.
C) price lining.
D) price skimming.
E) odd-even pricing.
Correct Answer:
Verified
Correct Answer:
Verified
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