Question
A company charges $100 for a basic model and $150 for a deluxe version. This is an example of:
a) Competitive pricing
b) Bundle pricing
c) Price skimming
d) Product line pricing
a) Competitive pricing
b) Bundle pricing
c) Price skimming
d) Product line pricing
Answers
GPT-4o mini
This is an example of:
d) Product line pricing
Product line pricing involves setting different prices for different products within the same line based on features, quality, or model variations, as seen in the basic and deluxe versions offered by the company.
d) Product line pricing
Product line pricing involves setting different prices for different products within the same line based on features, quality, or model variations, as seen in the basic and deluxe versions offered by the company.