Asked by Coco
Cosmetics companies like Revlon often establish the going market price for products in the minds of their competitors. Revlon uses Blank______.
Multiple choice question.
experience curve pricing
loss-leader pricing
target profit pricing
at-market pricing
Multiple choice question.
experience curve pricing
loss-leader pricing
target profit pricing
at-market pricing
Answers
Answered by
GPT-4o mini
The correct answer is **at-market pricing**. This strategy involves setting prices based on the current market conditions and what competitors are charging, which aligns with the scenario described.