The purpose of using low prices in a loss-leader pricing strategy is to Blank______.

Multiple choice question.

drive heavy sales of expiring merchandise

develop a discount brand perception that may linger beyond the sale of this product

drive competitors out of business

attract customers that will hopefully buy other products too, at higher margins

1 answer

The purpose of using low prices in a loss-leader pricing strategy is to attract customers that will hopefully buy other products too, at higher margins.