Post Utme Nile University 2024 Commerce Question 21

Practice objective / multiple choice question 21 from the 2024 Post Utme Nile University Commerce examination.

Post Utme Nile University 2024 Commerce Objective / Multiple Choice
Question 21 POST_UTME_NILE_UNIVERSITY • 2024 • COMMERCE • objective

A company's marketing strategy involves creating a new product line to appeal to a younger demographic. However, the production costs are higher than expected, and the company is considering a price increase. What type of pricing strategy is the company likely to adopt?

Answer Options

A. Penetration pricing
B. Skim pricing
C. Price skimming
Correct Answer D. Value-based pricing
Correct Answer
D
Correct Option:
Value-based pricing

About This Question

This is Post Utme Nile University 2024 Commerce Question 21. It is one of the objective questions from the 2024 Post Utme Nile University Commerce examination.

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