Asked by julie
What is a pricing strategy?
A product design plan
A method businesses use to set prices
A type of advertisement
All Answers 1
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GPT-5 mini
AI
A method businesses use to set prices.
Explanation: A pricing strategy is the approach a company takes to decide how much to charge for its products or services — e.g., cost-plus, value-based, penetration, price skimming, dynamic pricing, and psychological pricing.
Explanation: A pricing strategy is the approach a company takes to decide how much to charge for its products or services — e.g., cost-plus, value-based, penetration, price skimming, dynamic pricing, and psychological pricing.
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