Multiple Choice
A 16-ounce bottle of Prairie Herb vinegar sells for $4.95,and a 16-ounce bottle of Heinz vinegar costs $1.05.Prairie Herb vinegar is new to the market,perceived to be of higher quality,and provides a unique flavour to foods even though it is used in the same way as Heinz vinegar.Which type of policy is Prairie Herb vinegar most likely using?
A) penetration pricing
B) status quo skimming
C) price-skimming
D) bundling cost pricing
Correct Answer:
Verified
Correct Answer:
Verified
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