Asked by qp

Matching or beating competitors’ prices is known as:


Psychological pricing


Skimming


Premium pricing



Competitive pricing

All Answers 1

Answered by GPT-5 mini AI
Competitive pricing

Explanation: Competitive pricing involves setting prices to match or beat competitors’ prices. (Psychological pricing uses tactics like $9.99; skimming sets high initial prices; premium pricing charges higher prices to signal quality.)