Question

In what type of pricing approach would prices be most likely to remain stable over time?

(1 point)
Responses

penetration

penetration

value-based

value-based

customary

customary

prestige

prestige

Answer 1

The type of pricing approach where prices would be most likely to remain stable over time is **customary** pricing. This approach sets prices based on established norms and consumer expectations and tends to maintain stability since it aligns with what customers are accustomed to paying.